Question: Use the information in the table below to answer the questions that follow. Selected Financial Information Tegridy Farms Inc. Year 1 Year 2 Net Income

Use the information in the table below to answer the questions

Use the information in the table below to answer the questions that follow. Selected Financial Information Tegridy Farms Inc. Year 1 Year 2 Net Income 1,324 3,266 Shares Outstanding (millions) 210 Dividend per Share 1.45 Price $89.41 PART 1: What is Tegridy's dividend payout rate in Year 1? 22% 23% 20% o 21% PART 2: What is Tegridy's dividend yield in Year 1 (based on its Year 2 dividend and assuming Tegridy maintains its payout rate)? 3% 4% 2% 5%

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