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Sunland Company reported a net profit of $8.15 per share and a dividend of $3.50 per share. If you buy shares of the stock at $94.85 per share, what is your dividend yield

Respuesta :

Answer:

The answer is "[tex]3.69\%[/tex]"

Explanation:

Dividend Share [tex]= \$3.50[/tex]

stock purchasing Price[tex]= 94.85[/tex]

[tex]\text{Dividend yield} = \frac{Dividend}{Purchase price}\\\\[/tex]

[tex]=\frac{3.50}{94.85}\\\\=0.036900369 \approx 3.69\%[/tex]

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