please check my answer thanks :)
The Klien company paid a diividend of $.42 per share last year . The current selling price of the stock is $27.38. the current yeild on the stock is...
my answer is 6.5%
6.5% of $27.38 = $1.78
To find the current yield, divide $0.42 by $27.38.
I did it again I got 1.5 % as the current yeild on the stock
To calculate the current yield on a stock, you need to divide the annual dividend per share by the current market price per share and then multiply by 100 to express it as a percentage.
In this case, the annual dividend per share is given as $0.42 and the current selling price per share is $27.38.
The formula to calculate the current yield is:
Current Yield = (Dividend per Share / Current Price per Share) * 100
Let's plug in the values:
Current Yield = ($0.42 / $27.38) * 100
Calculating this, we get:
Current Yield = 0.0153 * 100 = 1.53%
Therefore, the correct answer is 1.53%, not 6.5%.