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QUESTION
The following information applies to Benson Company for 2014: Stock market price, December 31, 2014: $50 Common shares outstanding, December 31,...
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?
