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nikolasmyrick
nikolasmyrick nikolasmyrick
  • 10-05-2024
  • Mathematics
Answered

#7.

yield?

Christine buys stock for $37.40 a share, the stock has a dividend of $1.67 per share what is her yield

Verified Answer :

bowsrule22 bowsrule22
  • 10-05-2024

37.4 by 1.67= ______

Answer Link
Wackletonn
Wackletonn Wackletonn
  • 10-05-2024

Answer: 4.46%

Step-by-step explanation:

Given that Christine buys the stock for $37.40 per share and the stock has a dividend of $1.67 per share,

Yield (%):  1.67/37.40 100%

Yield (%):  1.67/37.40 100%

Yield (%):  0.0446 * 100%

Yield (%): 4.446%

Answer Link

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