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Resorts Corp. common stock is selling for $36.75 a share and has a dividend yield of 2.3 percent. What is the dividend amount?

Respuesta :

Answer:

The Annual dividend amount is: $36.75 x 2.3% = $0.85

Explanation:

The dividend yield is the ratio of a company's annual dividend compared to its share price. The calculated formula of dividend yield as follows:

Dividend Yield =   Annual Dividend  / Share Price

Hence, Annual Dividend = Share Price x Dividend Yield

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