Cameron Corporation had 50,000 shares of common stock issued and outstanding that it originally issued for $40 per share. The following information pertains to these shares: Book value at end of current year$70 Market value, beginning of current year$85 Market value, end of current year$90 The total dividend on common stock for the year was $400,000. Cameron Corporation's dividend yield ratio for the year was:
A. 20.00%
B. 8.89%
C. 11.43%
D. 9.41%
Answer: B
You might also like to view...
The typical relationship between variable costs and volume may be described best as follows:
a. Costs increase in an erratic, unpredictable fashion with changes in volume. b. Costs stay fairly constant with changes in volume. c. Costs increase with changes in volume up to a certain point and then remain constant. d. Costs increase in direct proportion to increases in volume.
If Ruben interacted one-to-one with his customers to design his products and services according to individual needs, he would be practicing ________
A) concentrated marketing B) trigger-based marketing C) undifferentiated marketing D) mass customization E) segmented marketing
What effect does "recognizing revenue at the end of the accounting period for rent previously received in advance" have on the accounting equation for the insurance company?
A) Assets increase and liabilities decrease. B) Assets increase and stockholders' equity increases. C) Assets decrease and liabilities decrease. D) Liabilities decrease and stockholders' equity increases.
Which of the following terms is defined as the degree to which a person accomplishing a task receives information about performance from performing the task itself?
A. horizontal complexity B. vertical complexity C. task feedback D. task autonomy