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Find what is the dividend yield ratio

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Reference no: EM132750467

Below is a section of information from the financial statements of Housing Inc. as of December 31, 2019

Stock market price as of December 31, 2019: $50

Common shares outstanding as of December 31, 2019: 100,000

Net income for 2019: $300,000

Retained earnings as of January 1, 2019: $100,000

Problem 1: On Dec. 31, 2019 Housing inc. decides to pay the maximum amount it can in dividends to its shareholders. What is the dividend yield ratio?

a. 10%

b. 8%

c. 2%

d. None of the above

Reference no: EM132750467

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