Question

Carrie James bought 100 shares of Parks stock for $52.89 per share. The company paid annual dividends of $0.38 per share. What is the total annual yield?
A) 0.72%
B) 0.23%
C) 0.97%
D) 0.45%

Answer 1

Answer:

The right option is A) 0.72%

Step-by-step explanation:

We have given,

Number of shares = $100

Park stock per share = $52.89

Total parks stock = 100×52.89 = $5289

Since company paid annual dividends of $0.38 per share.

Total annual dividend company paid = 100×0.38 =$38

Total annual yield in % = $\frac{38}{5289} *100$ = 0.718 % ≈0.72%

Hence the right option is A) 0.72%

Answer 2

A.72% I took the test at k12