Calculate the market cap and dividend yield

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Last Wed., the board of directors declared its usual $0.10 per share quarterly dividend. The record date is in 2 weeks, and the payment date is 2 weeks after that. The stock's par value is $ .01. Currently the stock is trading in the secondary market at $18.72. 20 million shares have been issued. 1.5 million shares are treasury stock. 1) Calculate the dividend yield. Present it in the correct format, to 2 decimal places. 2) Calculate the market cap.

Reference no: EM131983096

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