A). The book value per share of stock is the amount of money an investor...
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Accounting
A). The book value per share of stock is the amount of money an investor would have to pay to purchase a share of stock in an open market. This statement is true or false?
B).The following information was drawn from the accounting records of Kerry Company.
Net income
$
200,000
Preferred stock outstanding, 8% cumulative
$
40,000
Market price per share of common stock
$
10.00
Total Stockholders Equity
$
1,240,000
Average number of common shares outstanding
100,000
shares
Dividends per share on common stock
$
0.50
per share
Based on this information the company's dividend yield on its common stock is
Multiple Choice
a. 12%.
b. 10%.
c. 2%.
d. 5%.
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