1. One share of Gemco's common stock pays an annual dividend of $3.17. Today, Gemco closed at $21.29 with a net change of +0.58. What was the stock's yield at yesterday's closing price?
1. One share of Gemco's common stock pays an annual dividend of $3.17. Today, Gemco closed at $21.29 with a net change of +0.58. What was the stock's yield at yesterday's closing price?
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...
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This is for financial mathematics, please help me, thank you very much for your help!
![8.9 Dividend Income
1. One share of Gemco's common stock pays an annual dividend of $3.17. Today, Gemco
closed at $21.29 with a net change of +0.58. What was the stock's yield at yesterday's closing
price?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8403b525-17f3-452b-8e2a-2fffeffc7e4a%2Fbd51a192-bde7-44cd-84c1-589c6f95d111%2Fvhq9chh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:8.9 Dividend Income
1. One share of Gemco's common stock pays an annual dividend of $3.17. Today, Gemco
closed at $21.29 with a net change of +0.58. What was the stock's yield at yesterday's closing
price?
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