Saturn Corporation Has Just Declared a 25 Percent Stock Dividend

question 30

Multiple Choice

Saturn Corporation has just declared a 25 percent stock dividend.The stock was selling for $18 before the stock dividend.The stock will pay a quarterly cash dividend of 8 cents per share after the stock dividend.If the 8-cent dividend is maintained over the next year what is the post-stock dividend yield?

• A)2.13%
• B)2.22%
• C)0.56%
• D)1.44%

---

Definitions:

Macro

A macro is a series of commands and instructions that you group together as a single command to accomplish a task automatically in software applications.

Standard Modules

Predefined software libraries or code sections designed to execute common tasks or provide specific functionalities within a programming environment.

Global Code

Typically refers to standardized codes or regulations that are accepted and implemented worldwide, affecting various industries and practices.

Event Procedures

Blocks of code in software development that are executed in response to specific events, such as a user clicking a button or loading a webpage.