By how much did the company retained earnings increase

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Problem: Polycom Systems earned $516 million last year and paid out 28 percent of earnings in dividends.

Question 1: By how much did the company's retained earnings increase? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).)

Question 2: With 100 million shares outstanding and a stock price of $131, what was the dividend yield? (Hint: First compute dividends per share.) (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Reference no: EM132419501

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