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A stock quote indicates a stock price of $60 and a dividend yield of 3%. The latest quarterly dividend received by stock investors must have been _ per share. a. $1.80 b. $0.45 c. $0.55 d. $1.25

Respuesta :

Answer:

b. $0.45

Explanation:

The computation of the quarterly dividend received is as follows:

Provided that

Stock price = $60

Dividend yield =3%

So, the dividend for a year

= Stock price × dividend yield

= $60 × 3%

= $1.8

And, the quarterly dividend received would be

= Annual dividend ÷ number of the quarter in a year

= $1.8 ÷ 4

= $0.45

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