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Question 14 (1 point) Shares in Humungous Bank pay an annual dividend of 1.37. If these shares yield (earn) 4.0% effective wh
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Answer #1

Solution :

Yield =    Annual Dividend / Share Price

4%      =    $ 1.37 / Share Price

Share Price = $ 1.37 / 4%

Share Price = $ 35

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