Catherine bought a share of XYZ Company for $43.98 one year ago. The stock paid a quarterly dividend of $0.36 throughout the year. What is the income yield if the stock is selling for $46.10 today?
Question 17 options:
a)
3.1%
b)
0.8%
c)
8.1%
d)
7.7%
e)
3.3%