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%