In 2014, Konstan Corporation earned $3.30 per share and paid a dividend of $1.65 per share. At

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In 2014, Konstan Corporation earned $3.30 per share and paid a dividend of $1.65 per share. At year-end, the price of its stock was $33 per share. Calculate the dividend yield and the price/earnings ratio.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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...
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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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