Homework Answers
ANSWER 1 : D. CASH OR STOCK PAYMENTS TO SHAREHOLDERS
REASON : ANYTHING PAID TO BOND HOLDERS IS CALLED INTEREST PAYMENTS AND ANYTHING PAID TO SHARE HOLDERS IS KNOWN AS DIVIDEND.
HENCE OPTION A & C ARE INCORRECT AS THERE IS PAYMENT TO BOND HOLDERS WHICH IS INTEREST AND NOT DIVIDEND. IN OPTION B THERE IS DISTRIBUTION OF ONLY STOCK PARTIALLY CORRECT AS STOCK IS A PART OF DIVIDEND BUT STOCK IS NOT ONLY PARTS OF DIVIDEND AS IT INCLUDES CASH ALSO HENCE FULL AND CORRECT ANSWER IS OPTION D AS IT INCLUDES BOTH CASH AND STOCK PAYMENTS.
ANSWER 2 :
DIVIDEND = STOCK PRICE * DIVIDEND YIELD
= $27.80 * 2.8%
= $ 0.7784
DIVIDEND YIELD SHOWS RATE OF DIVIDEND AT CURRENT MARKET PRICE OF THE STOCK.
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