Wakon Company earned $3.25 per share and paid dividends of $0.75 per share. The company reported a dividend yield of 3 percent. What was the price of Wakon's stock? Note: Round your answer to 2 decimal places. Market price per share

Wakon Company earned $3.25 per share and paid dividends of $0.75 per share. The company reported a dividend yield of 3 percent. What was the price of Wakon's stock? Note: Round your answer to 2 decimal places. Market price per share

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Wakon Company earned $3.25 per share and paid dividends of $0.75 per share. The company reported a dividend yield of 3 percent.
What was the price of Wakon's stock?
Note: Round your answer to 2 decimal places.
Market price per share

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