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    Dividend Yield

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    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.

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    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. The stock price dividends which are paid quarterly are determined.