A share pays a constant annual dividend and sells for £31.11.If the dividend yield of this equity is 9%, what is the dividend amount?

Name: A share pays a constant annual dividend and sells for £31.11.If the dividend yield of this equity is 9%, what is the dividend amount?
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Quizplus · Accepted Answer

The dividend yield is calculated as the annual dividend divided by the price of the share. Given a dividend yield of 9% and a share price of £31.11, the dividend amount is 0.09 * £31.11 = £2.80.

A Share Pays a Constant Annual Dividend and Sells for £31.11.If