Suppose that the annual dividend per share of stock is $5.40 and the closing price of the stock is $72.50,the yield of the stock would be
A) 13.43%
B) 7.45%
C) 23.62%
D) 8.38%

Question

Quizplus · Accepted Answer

The yield of the stock is calculated by dividing the annual dividend by the closing price of the stock and then multiplying by 100 to get a percentage: ($5.40 / $72.50) * 100 = 7.45%.

Suppose That the Annual Dividend Per Share of Stock Is