brandyn4758 brandyn4758

05-08-2020
Business

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BMM Industries pays a dividend of $2 per quarter. The dividend yield on its stock is reported at 4.8%. What is the stock price?

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shaleenparikh1 shaleenparikh1

05-08-2020

This means an annual dividend of $8.
If $8 is 4.8% of the stock price, then the stock price must be 800/4.8= $166.67

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