Table 18-9
Partridge Company Provides the Following Information for the Year

question 182

Multiple Choice

Table 18-9
Partridge Company provides the following information for the year 2017:
$\begin{array}{|l|l|}\hline \text { Net income } & \$ 32,600 \\\hline \text { Market price of common shares } & \$ 2,00 / \text { share } \\\hline \text { Dividends paid - common shares } & \$ 0,10 / \text { share } \\\hline \text { Dividends paid - preferred shares } & \$ 1,00 / \text { share } \\\hline \text { Preferred shares outstanding at December } 31,2017 & 20,000 \text { shares } \\\hline \text { Common shares outstanding at December 31,2017 } & 150,000 \text { shares }\\\hline\end{array}$ Note: There were no new preferred shares issued in 2017; 60,000 common shares were issued on September 30, 2017.
-Refer to Table 18-9.What is the dividend yield for one share of common stock?

• A) 15%
• B) 9%
• C) 6%
• D) 5%

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Definitions:

Behaviourism

A psychological approach that emphasizes the study of observable behaviors and the environmental determinants of behavior, often excluding subjective mental states.

Systematic Use

The organized or methodical application of techniques, methods, or processes to achieve specific goals.

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Benefits or compensations given in response to an individual's behavior or achievement, intended to reinforce certain behaviors or outcomes.

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