The current dividend yield for common stock is calculated using the formula Y=f(D,P)=PD where D...
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The current dividend yield for common stock is calculated using the formula Y=f(D,P)=PD where D is the most recent full-year dividend (in dollars) and P is the current share price (in dollars). The annualized dividend of a corporation for the year 2019 was $4 and its price per share was $197.21 on April 7, 2020. What was the current dividend yield for the common stock at the time? Convert the decimal answer obtained for the current dividend yield into a percent
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