Last year,Shadow Corporation's dividend on common stock was $9.90 per share and the dividend on preferred stock was $1.00 per share.The market price of common stock at the end of the year was $68.10 per share.The dividend yield ratio is closest to:
A)0.15
B)0.16
C)0.91
D)0.01

Question

Quizplus · Accepted Answer

Dividend yield ratio = Dividends per share F1F1F1S1F1F1F10 Market price per share
= $9.90 per share F1F1F1S1F1F1F10 $68.10 per share = 0.15

Last Year,Shadow Corporation's Dividend on Common Stock Was $9