Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

question 103

Multiple Choice

Sperle Corporation has provided the following data concerning its stockholders' equity accounts:
Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.
-The company's dividend yield ratio for Year 2 is closest to:

• A) 21.1%
• B) 2.6%
• C) 1.6%
• D) 14.7%

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Definitions:

Contractile Roots

Contractile roots are specialized plant roots that contract and pull the plant deeper into the soil, helping to adjust the plant’s depth in the soil for optimal growth.

Pneumatophores

Specialized aerial roots found in certain plants like mangroves that facilitate gas exchange in waterlogged environments.

Secondary Vascular Tissues

Tissues in plants that are involved in transporting water, nutrients, and sugars, developed after the primary growth phase.

Periderm

A protective outer layer of tissue in plants, including the cork, which replaces the epidermis in roots and stems of woody plants.