Solved: In addition bank of america had earnings per share of 405, Financial Accounting

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In addition bank of america had earnings per share of 405

At the market close on May 12, 2006, Bank of America Corporation had a closing stock price of $49.69. In addition, Bank of America had earnings per share of $4.05 and dividend per share was $1.95. Determine Bank of America's dividend yield. Round to one decimal place.

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Financial Accounting: In addition bank of america had earnings per share of 405

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