The Following Information Pertains to Jasmin Corporation

question 95

Multiple Choice

The following information pertains to Jasmin Corporation. Assume that all balance sheet amounts represent both average and ending figures. Jasmin Corporation had 6,000 shares of common stock issued and outstanding. The market price of Jasmin common stock on December 31, 2009, was $20. Jasmin paid dividends of $1.65 per share during 2009.
What is the dividends yield of this corporation? Round your answer to two decimal places.

• A) 8.25 percent
• B) 6.60 percent
• C) 9.90 percent
• D) 4.95 percent

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Definitions:

Plant Domesticate

A plant species that has been genetically modified over time through human cultivation and agricultural practices.

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A geographical region in Asia, located south of China and east of India, known for its diverse cultures, languages, and histories.

Rice

A staple food grain known scientifically as Oryza sativa (Asian rice) or Oryza glaberrima (African rice), cultivated in a variety of environments.

Neolithic Period

A phase in human history marked by the development of agriculture and permanent settlements, leading to significant cultural and technological advancements.