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Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

question 103

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Sperle Corporation has provided the following data concerning its stockholders' equity accounts:
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% 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:

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied is exactly equal to the quantity of goods or services demanded at the market equilibrium price.

Demand

The amount of a product or service that buyers are ready and able to buy at different prices over a specified time frame.

Supply

The total amount of a specific good or service available for purchase at any given time.

Wheat Farmer

An individual or entity engaged in the cultivation of wheat as a commercial agricultural activity.

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