What is the current yield on Cloverdale stock?
A) 3.35 percent
B) 3.60 percent
C) 1.55 percent
D) 6.25 percent
E) 7.20 percent

Name: What is the current yield on Cloverdale stock? A) 3.35 percent B) 3.60 percent C) 1.55 percent D) 6.25 percent E) 7.20 percent
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Question

Quizplus · Accepted Answer

The current yield is calculated by dividing the annual dividend by the current stock price. In this case, the annual dividend is $1.50 and the current stock price is $45.00. Therefore, the current yield is $1.50 / $45.00 = 3.33%.

What Is the Current Yield on Cloverdale Stock