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Sunland Company reported a net profit of $8.15 per share and a dividend of $3.50 per share. If you buy shares of the stock at $94.85 per share, what is your dividend yield

User Toastal
by
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1 Answer

2 votes

Answer:

The answer is "
3.69\%"

Step-by-step explanation:

Dividend Share
= \$3.50

stock purchasing Price
= 94.85


\text{Dividend yield} = (Dividend)/(Purchase price)\\\\


=(3.50)/(94.85)\\\\=0.036900369 \approx 3.69\%

User Katherine Elyon
by
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