A stock listing contains the following information: P/E 17.5, closing price 33.10, dividend.80, YTD% chg 3.4, and a net chg of -.50. This means that the closing price on the previous trading day was $32.60 and the current yield is 17.5%.

Question

Quizplus · Accepted Answer

The closing price on the previous trading day was $33.60 (since there was a net change of -.50, indicating the price dropped from the previous day). The current yield is calculated as the annual dividend divided by the current price, which is $0.80 / $33.10 = 0.0242 or 2.42%, not 17.5%. The P/E (Price to Earnings ratio) of 17.5 is unrelated to the current yield calculation.

A Stock Listing Contains the Following Information: P/E 17