Question: ABC Inc. declared and paid an $8 per share cash dividend on its common shares during the current accounting period. The current market value of

ABC Inc. declared and paid an $8 per share cash on its common shares during the current accounting period. The current market value of the ABC Inc. shares is $56 per share.

Required
a. Calculate the yield (express as a percent rounded to two decimal places).
b. Would the ABC Inc. shares be classified as growth or income shares?

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