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DLM preferred stock has a 5.8 percent dividend yield. The stock is currently priced at $36.20 per share. What is the amount of the annual dividend?

-$2.35
-$1.90
-$2.10
-$2.30
-$2.40

Respuesta :

Answer:

The correct option is c

Explanation: see the picture attached

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Answer:

Annual dividend = $2.10

Explanation:

we know that : dividend yield = Annual dividend/ Current stock price

                   0.058 = Annual dividend / 36.20

                      0.058 * 36.20 = Annual dividend

                   Annual dividend =  2.10

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