Partridge Company Provides the Following Information for the Year 2014

question 112

Multiple Choice

Partridge Company provides the following information for the year 2014:
$$\begin{array} { l l } \text { Net income: } & \$ 31,200 \\\text { Market price of common stock: } & \$ 12.00 / \text { share } \\\text { Dividends paid: } & \$ 0.80 / \text { share } \\\text { Common stock outstanding at January } 1,2014 : & 110,000 \text { shares } \\\text { Common stock outstanding at December } 31,2014 : & 150,000 \text { shares } \\\text { (No preferred stock issued) } &\end{array}$$
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How much was the dividend yield for one share of common stock?

• A) $0.067
• B) $0.167
• C) $0.071
• D) $0.385

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Definitions:

Parasympathetic Nervous System

A division of the autonomic nervous system responsible for rest and digestion, counterbalancing the sympathetic nervous system.

Autonomic Nervous System

The part of the nervous system that controls involuntary body functions, such as heart rate, digestion, and respiratory rate, operating automatically without conscious control.

Endocrine System

A network of glands in the body that produce and release hormones directly into the bloodstream to control many bodily functions, including growth, metabolism, and mood regulation.

Hypothalamus

A small but crucial part of the brain involved in numerous functions, including hormone regulation, temperature control, and hunger.