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20 August, 07:34

You own 400 shares of Western Feed Mills stock valued at $51.20 per share. What is the dividend yield if your annual dividend income is $352? A. 1.68 percent B. 1.72 percent C. 1.83 percent D. 1.13 percent E. 1.21 percent

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  1. 20 August, 07:50
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    option (B) 1.72%

    Explanation:

    Data provided in the question:

    Number of shares owned = 400

    Per share market value = $51.20

    Market Value of stocks purchased = 400 * $51.20 = $20,480

    Dividend income = $352

    Now,

    Dividend Yield = [ Dividend : Market Value of share ] * 100%

    = [ $352 : $20,480 ] * 100%

    = 0.0172 * 100%

    = 1.72%

    Hence,

    The correct answer is option (B) 1.72%
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