Second term = 12 x 3(2 - 1) = 12 x 3 = 36
Answer:
3.90%
Step-by-step explanation:
Relevant Data provided as per the question below:
Annual dividend = $0.28 and $0.16
Current per share = $11.27
According to the given situation, the calculation of the current yield of the stock is shown below:-
Current yield is


= 3.90%
Therefore for computing the current yield of the stock we simply applied the above formula.
36 cards.....
48 3 144
---- * ----- = ------ = 36
1 4 4
36 baseball cards