Fortunade Corporation Stock Has a Price of $100 Per Share,a

question 145

Multiple Choice

Fortunade Corporation stock has a price of $100 per share,a dividend of $1.60 per share,and retained earnings of $2.00 per share.The dividend yield on this stock is

• A)2.8 percent.
• B)2.0 percent.
• C)1.6 percent.
• D)0.4 percent.

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Definitions:

Scentless

Lacking a detectable smell or odor.

Pollen

Fine to coarse powder containing the microgametophytes of seed plants, which produce male gametes (sperm cells) for fertilization.

Megasporocyte

Cell within a megasporangium that undergoes meiosis to produce four n megaspores; also called megaspore mother cell. Compare with microsporocyte.

Meiosis

A form of cellular division that halves the number of chromosomes, leading to the creation of either gametes or spores.