You Own 400 Shares of Western Feed Mills Stock Valued

question 6

Multiple Choice

You own 400 shares of Western Feed Mills stock valued at $51.20 per share.What is the dividend yield if your annual dividend income is $352?

• A)1.68 percent
• B)1.72 percent
• C)1.83 percent
• D)1.13 percent
• E)1.21 percent

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Definitions:

Substitute

A good or service that can be used in place of another good or service, often due to similarities in features or functions.

Expensive

Describing an item or service that has a high cost or price relative to its perceived value or compared to other options.

Maple Syrup

A sweet liquid made by boiling the sap of maple trees, commonly used as a topping for pancakes and waffles.

Pancakes

A flat, often round breakfast food made from a starch-based batter and cooked on a hot surface.