Recher Corporation's Common Stock Has a Par Value of $3

question 181

Multiple Choice

Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years. The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share. The company's dividend yield ratio is closest to:

• A)1.7%
• B)17.1%
• C)1.3%
• D)26.3%

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Definitions:

Continuous Reinforcement

A learning schedule in which a behavior is reinforced each time it is exhibited.

Fixed Ratio

A schedule of reinforcement where a response is rewarded after a specified number of responses, frequently used in behavior modification programs.

Reinforcement

In psychology, a concept where a behavior is increased or strengthened by the consequence that follows it, such as a reward.

Reward

A benefit or positive feedback given for a specific action or behavior, often used as a means of encouragement.