An Internet company earned $6 50 per share and paid dividends of $3 50 per share The company reported a dividend yield of 5 percent What was the price of the stock ...

An Internet company earned $6.50 per share and paid dividends of $3.50 per share. The company reported

Question:

An Internet company earned $6.50 per share and paid dividends of $3.50 per share. The company reported a yield of 5 percent. What was the price of the stock?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...