Last year, Iurato Corporation's dividend on common stock was $8.20 per share and the dividend on preferred stock was $3.40 per share. The market price of common stock at the end of the year was $50.70 per share.
Required:
Compute the dividend yield ratio. Show your work!

Question

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The Answer of Last year, Iurato Corporation's dividend on common stock was $8.20 per share and the dividend on preferred stock was $3.40 per share. The market price of common stock at the end of the year was $50.70 per share.
Required:
Compute the dividend yield ratio. Show your work!

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