Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 29 May 2018 My Price 4.00

Benson Company

The following information applies to Benson Company for 2014:

  • Stock market price, December 31, 2014: $50
  • Common shares outstanding, December 31, 2014: 100,000
  • Net Income for year 2014: $400,000
  • Retained Earnings January 1, 2014: $100,000

On December 31, 2014, Benson decides to pay the maximum amount it can in dividends to its shareholders. What is the dividend yield ratio?

Answers

(5)
Status NEW Posted 29 May 2018 07:05 PM My Price 4.00

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