Royal Co Receives a Dividend of $4

question 57

Multiple Choice

Royal Co. receives a dividend of $4.88 per share. Today the closing price of the stock is $59.95. The current stock yield to the nearest tenth of a percent is:

• A)8.1%
• B)8.0%
• C)8.2%
• D)8.3%
• E)None of these

---

Definitions:

Coronary Artery

An artery that supplies blood to the heart muscle itself.

Lipitor

A prescription medication used to lower cholesterol and reduce the risk of heart attack and stroke.

Cholesterol

A waxy, fat-like substance found in all cells of the body, necessary for the creation of hormones, vitamin D, and substances that help digest foods.

Semilunar Valve

A type of heart valve with half-moon-shaped flaps that prevents blood from flowing back into the heart chambers after it has been ejected.