A Stock Pays a Constant Annual Dividend and Sells for $31.11

question 48

Multiple Choice

A stock pays a constant annual dividend and sells for $31.11 a share.If the dividend yield on this stock is 9%,what is the dividend amount?

• A)$1.40
• B)$1.80
• C)$2.20
• D)$2.40
• E)$2.80

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