14) Find the current yield of a corporation that reported a dividend of $0.89 an

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zrarsrr2x12

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14) Find the current yield of a corporation that reported a dividend of $0.89 and a closing price of $21.93. Round to the nearest tenth of a percent. 

A) 24.6%

B) 4.1% 

C) 0.4% 

D) 2.5%

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Explanation & Answer

B) 4.1%

The return on the investment of 21.93 is the dividend of .89. .89/21.93 is 4.1%


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