The stock of MNC Inc. pays a dividend of $3.44. The stock opened at $89.19 and closed at $90.28. The stock yield is:

Name: The stock of MNC Inc. pays a dividend of $3.44. The stock opened at $89.19 and closed at $90.28. The stock yield is:
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Question

Quizplus · Accepted Answer

The stock yield is calculated by dividing the annual dividend by the current stock price. In this case, the annual dividend is $3.44 and the current stock price is $90.28. Therefore, the stock yield is $3.44/$90.28 = 0.0381, or 3.8%.

The Stock of MNC Inc