Partridge,Inc The Company Has No Preferred Stock Outstanding

question 11

Multiple Choice

Partridge,Inc.provides the following information for 2017: $$\begin{array} { | l | l | } \hline \text { Net income } & \$ 33,000 \\\hline \text { Market price per share of common stock } & \$ 13 / \text { share } \\\hline \text { Dividends paid } & \$ 0,90 / \text { share } \\\hline \text { Common stock outstanding at Jan. } 1,2017 & 110,000 \text { shares } \\\hline \text { Common stock outstanding at Dec. } 31,2017 & 155,000 \text { shares } \\\hline\end{array}$$ The company has no preferred stock outstanding.Calculate the dividend yield for common stock.(Round your answer to two decimal places. )

• A)6.92%
• B)1.92%
• C)5.00%
• D)7.44%

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Definitions:

Schizophrenia

A psychiatric disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Fluid-Filled Areas

Regions within the body or its parts that contain fluids, such as the aqueous and vitreous humors in the eye.

Cerebral Tissue

The specialized tissue that makes up the cerebrum of the brain, involved in multiple functions including processing sensory information, and governing intelligence and behavior.

Schizophrenia

A chronic brain disorder characterized by distorted thinking, perceptions, emotions, and behavior, often resulting in hallucinations and delusions.