Question

Neil Rubin owns 200 shares of Cleveland Company stock. The stock ranged from a low of $42.35 to a high of $48.56 last year. The annual dividend is $1.75. The annual yield based on the high is _____%. (Enter only the number to the nearest tenth of a percent.)

Answer 1

I keep getting 3.6% as the answer too but it says it is WRONG...

Explanation:

Answer 2

200(48.56)=9712
200(1.75)=350
((350)/(9712))(100)=3.603789127
=3.6% yield