The Revreg Corporation pays an annual dividend of $1.60 per share. On Friday it closed at $44 per share with a net change of + 0.35. The dividend did not change.
a. What was the yield on Friday?
b. At what price did Revreg close on Thursday?
c. What was the yield at Thursday's close?
d. Thursday's net change was + 1.22. At what price did Reverg close on Wednesday?
Dividend
e. If the dividend was $1.60 on Wednesday, what was the yield at Wednesday's close?
f. Look at the yields for Wednesday, Thursday, and Friday. They are decreasing. Explain why this decrease is not "bad news" to the investor who owns stock in Revreg.

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