The annual dividend on Grozky, Inc. stock is $5 per share and the stock's prevailing price is $93.13 per share. Thus, the stock's dividend yield is ____ percent.

Name: The annual dividend on Grozky, Inc. stock is $5 per share and the stock's prevailing price is $93.13 per share. Thus, the stock's dividend yield is ____ percent.
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Question

Quizplus · Accepted Answer

The dividend yield is calculated by dividing the annual dividend by the stock's price and then multiplying by 100 to get a percentage. So, ($5 / $93.13) * 100 = 5.37%.

The Annual Dividend on Grozky, Inc