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In 2011, Rainbow Corporation earned $8.80 per share and paid a dividend of $4.00 per share. At year end, the

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In 2011, Rainbow Corporation earned $8.80 per share and paid a dividend of $4.00 per share. At year end, the price of its stock was $132 per share. Calculate the dividends 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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Related Book For  answer-question
Principles of Accounting

Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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Question Details
Chapter # 12
Section: Exercises
Problem: 3
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Question Posted: February 23, 2012 01:57:46
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