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Lafferty Corporation Reported Earnings Per Share of $9

question 195

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Lafferty Corporation reported earnings per share of $9.75,paid a $6.00 cash dividend per share to preferred shareholders,and paid a $0.54 cash dividend per share to common shareholders.There were 10,000 shares of preferred stock outstanding and 600,000 shares of common stock outstanding during the year,and the market price per share of common stock was $41.60.Calculate the company's dividend yield for common stock.


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Effective Communication

The delivery and exchange of information or ideas in a way that is received and understood as intended by all parties involved.

Self-Serving Bias

The common habit of a person taking credit for positive events or outcomes, but blaming external factors for negative events.

Personal Qualities

Characteristics or attributes that contribute to an individual’s distinct personality or behavior patterns.

High Self-Esteem

A state of having a positive and confident evaluation of oneself, recognizing one's own worth and capabilities.

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