Problem 7-21 Dividend Yield [LO 3] You've collected the following information from your favorite financial website. 52-Week Price Hi 77.40 56.11 130.93 50.24 35.00 Lo 10.43 33.72 69.50 13.95 20.74 Stock (Div) Palm Coal 36 Lake Lead Grp a. Highest dividend yield b. Lowest dividend yield 1.84 SIR 2.00 DR Dime .80 Candy Galore .32 Div Yld % 2.6 4.5 2.2 5.2 1.5 28 PE Ratio 6 % % 10 10 6 Close Price 13.90 40.73 88.97 15.43 ?? Net Chg Find the quote for the Lake Lead Group. Assume that the dividend is constant. a. What was the highest dividend yield over the past year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What was the lowest dividend yield over the past year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) -24 -.01 3.07 -.26 18