Answer to Question #197392 in Finance for samikh

Question #197392

Flare Stock will pay the dividend of $2.4 this year. Its dividend yield is 10%. At what price is the stock selling?


1
Expert's answer
2021-05-23T16:42:54-0400

The dividend amount that is paid to the investors by the company, represented in percentage form is term as the dividend yield.

Computation of the selling price:

Hence, the selling price of the stock is $24.


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