For the past six years, the stock price of Slippery Rock Mining has been increasing at...
For the past six years, the stock price of Slippery Rock Mining has been increasing at a rate of 10.8 percent per year. Currently, the stock is selling for $90 per share and has a required return of 9.7 percent. What is the dividend yield?
10.7%
6.3%
9.7%
4.6%
1.1%
Homework Answers
Dividend yield is = Increasing rate of stock price - required return of share = (10.80%-9.70%) = 1.1%
Answer is 1.1%
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