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  3. a). the book value per share of stock is the amoun

A). The book value per share of stock is the amount of money an investor...

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Question

Accounting

A). The book value per share of stock is the amount of money an investor would have to pay to purchase a share of stock in an open market. This statement is true or false?

B).The following information was drawn from the accounting records of Kerry Company.

Net income $ 200,000
Preferred stock outstanding, 8% cumulative $ 40,000
Market price per share of common stock $ 10.00
Total Stockholders Equity $ 1,240,000
Average number of common shares outstanding 100,000 shares
Dividends per share on common stock $ 0.50 per share

Based on this information the company's dividend yield on its common stock is

Multiple Choice

a. 12%.

b. 10%.

c. 2%.

d. 5%.

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