currently andrews is paying a dividend of $3.00 (per share). if this dividend stayed the same, but the stock price rose by 10% what would be the dividend yield?

Stock price is the current value of a share of stock in the market. It is determined by the demand and supply of the stock and is relative to the overall market and the performance of the company issuing the stock. Stock prices can fluctuate throughout the trading day and can be affected by a variety of factors including news announcements, investor sentiment, economic data, and other market forces. The stock price is important to investors as it is an indicator of the company’s performance and can help investors decide whether to buy, sell, or hold the stock.

Dividend yield is calculated by dividing the dividend per share by the stock price.
At the current dividend of $3.00 per share, and a stock price of $30, the current dividend yield is 10%.
If the stock price increases by 10% to $33, the dividend yield would be 9.09%. This is because the dividend remains unchanged at $3.00 per share, but the stock price has increased from $30 to $33.
Therefore, the new dividend yield would be 9.09%.

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