CORRECT ANSWER A. DYLE’S YIELD ON COMMON STOCK IS 11.11% AS SHOW...

84.

Correct answer a. Dyle’s yield on common stock is 11.11% as shown below.

Dividend yield

= Dividends per common share ÷ Market price per common share

= ($700,000 ÷ 350,000) ÷ $18

= 11.11%