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Goshia [24]
3 years ago
7

Bayside Marina just announced it is decreasing its annual dividend from $1.48 per share to $1.45 per share effective immediately

. If the dividend yield remains at its pre-announcement level, then you know the stock price:
Business
1 answer:
sleet_krkn [62]3 years ago
5 0

Answer:

the stock price <u>has decreased in the same proportion as the dividend. </u>

Explanation:

Since we are told that the dividend yield remained the same, and the dividend decreased by 2.03%, we know that the price of the stock decreased by 2.03%.

= [($1.45 - $.148) / $1.48] x 100 = -2.03%

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