Last year,Bickham Corporation's dividend on common stock was $8.70 per share and the dividend on preferred stock was $3.80 per share.The market price of common stock at the end of the year was $66.10 per share.
Required:
Compute the dividend yield ratio.Show your work!

Question

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The Answer of Last year,Bickham Corporation's dividend on common stock was $8.70 per share and the dividend on preferred stock was $3.80 per share.The market price of common stock at the end of the year was $66.10 per share.
Required:
Compute the dividend yield ratio.Show your work!

Last Year,Bickham Corporation's Dividend on Common Stock Was $8