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Mathematics

Answered

ABM Services paid a $4.15 annual dividend on a day it closed at a price of $54 per share. What
was the yield?

Answer :

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Answer:

7.68%

Step-by-step explanation:

The computation of the yield is shown below:

As we know that

Yield is

= Annual dividend ÷ Price per share

= $4.15 ÷ $54

= 7.68%

We simply divide the annual dividend from the price per share so that the yield could be determined

hence, the yield is 7.68%

And, the same would be relevant

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