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Dividend Yield

The stock price is 84.12 and that the dividend yield is 3.8%. Since dividends are paid quarterly, you want to find the annual dollar amount for the dividend (using the given material) and then divide by four.

Solution Preview

The explanation is referring to the dividend yield formula. The formula for dividend yield is :

Dividend yield = ...

Solution Summary

This solution calculates a quarterly dividend amount using the dividend yield formula.