Settles Corporation Has Provided the Following Financial Data: Dividends

question 318

Multiple Choice

Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share.The company's return on equity for Year 2 is closest to:

• A) 3.31%
• B) 8.50%
• C) 5.09%
• D) 50.52%

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