Internet company earned 7.90 per share and paid dividends of 3.80 per share. The company reported a dividedn yield of 4 percent. What was the price of the stock
ebaines
Oct 3, 2011, 08:18 AM
I won't do your homework for you, but here's what you need to know:
Dividend Yield = Dividend paid divided by the price of stock.
You know the yield and the dividend paid, so you can calculate the stock price.