Question

Neil Rubin owns 200 shares of Cleveland Company stock. The stock ranged from a low of $42.35 to a high of $48.56 last year. The annual dividend is $1.75. The annual yield based on the high is _____%. (Enter only the number to the nearest tenth of a percent.)

Answer 1

It's actually 3.6%

Explanation:

Answer 2

Annual yield
Dividend per share÷cost per share
(1.75÷48.56)×100
=3.60%

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