Last year, Sylvia purchased 300 shares of Webster Companies stock at a price of $40.27 per share. Today, those shares are valued at $38.20 a share. Over the last year, Sylvia received total dividend
Income of $450. What is the current dividend yield on Webster stock if the firm pays a constant
Dividend?
A) 3.64%
B) 3.72%
C) 3.93%
D) 4.15%
E) 4.30%
Correct Answer:
Verified
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