In 2014, Konstan Corporation earned $4.40 per share and paid a dividend of $2.00 per share. At

Question:

In 2014, Konstan Corporation earned $4.40 per share and paid a dividend of $2.00 per share. At year-end, the price of its stock was $66 per share. Calculate the dividend yield and the price/earnings ratio. (Round the dividend yield to the nearest tenth of a percent.)

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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles of Accounting

ISBN: 978-1133626985

12th edition

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

Question Posted: