Marcy owns common stock in Rex's Pet Planet.The annual dividend is $2.05.The current price is $5.37.What is the yield of the stock?

Name: Marcy owns common stock in Rex's Pet Planet.The annual dividend is $2.05.The current price is $5.37.What is the yield of the stock?
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Question

Quizplus · Accepted Answer

The yield of the stock is calculated by dividing the annual dividend by the current price and then multiplying by 100 to get a percentage. So, $ \frac{2.05}{5.37} \times 100 = 38.2\% $.

Marcy Owns Common Stock in Rex's Pet Planet