Firehawk Corporation Had Net Income of $560,000 in 20x5 and Paid

question 121

Multiple Choice

Firehawk Corporation had net income of $560,000 in 20x5 and paid dividends of $440,000 on 200,000 shares of outstanding common stock.Total stockholders' equity at the end of 20x5 was $2,060,000 and the market price for each share of Firehawk's stock was $58 throughout 20x5.Additionally,the company paid preferred dividends of $2.40 per share during 20x5.Based on this information,what is the dividend yield on Firehawk's stock?

• A)21.36%
• B)78.57%
• C)3.79%
• D)7.93%

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Definitions:

Lungs

Organs of respiration in vertebrates where blood exchanges oxygen and carbon dioxide with the air breathed in.

Gas Exchange

The biological process through which organisms exchange oxygen and carbon dioxide with their surroundings, essential for respiration.

Buoyancy Of Water

The upward force exerted by water that opposes the weight of an object immersed in it, allowing it to float or seem lighter.

Spiracles

Spiracles are breathing openings found on the body of some animals, including insects and some arthropods, allowing air to enter the respiratory system.