Ovit, Inc. has preferred stock with a price of $18.25 and a dividend of $1.74 per year. What is its dividend yield? The dividend yield is%. (Round to one decimal place.)

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Ovit, Inc. has preferred stock with a price of $18.25 and a dividend of $1.74 per year. What is its dividend yield?
The dividend yield is%. (Round to one decimal place.)
Transcribed Image Text:Ovit, Inc. has preferred stock with a price of $18.25 and a dividend of $1.74 per year. What is its dividend yield? The dividend yield is%. (Round to one decimal place.)
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