Recher Corporation's Common Stock Has a Par Value of $3

question 193

Multiple Choice

Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years. The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.The company's dividend yield ratio is closest to: (Round your intermediate calculations to 2 decimal places.)

• A) 1.7%
• B) 17.1%
• C) 1.3%
• D) 26.3%

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Definitions:

Referential

Pertaining to the use of language to refer to objects and ideas, or relating to the ability of something to act as a symbol or stand for something else.

Expressive Style

A communication approach where individuals are more likely to express their thoughts, feelings, and ideas openly and articulately.

Referential Style

A language learning style where children tend to use vocabulary to refer to people, objects, and events, exemplifying an analytical orientation toward speech.

United States

A country located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.