Solved: On december 31 2014 benson decides to pay the maximum, Accounting Basics

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On december 31 2014 benson decides to pay the maximum

Question - The following information applies to Benson Company for 2014:

• Stock market price, December 31, 2014: $50

• Common shares outstanding, December 31, 2014: 100,000

• Net Income for year 2014: $400,000

• Retained Earnings January 1, 2014: $100,000

On December 31, 2014, Benson decides to pay the maximum amount it can in dividends to its shareholders. What is the dividend yield ratio?

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Accounting Basics: On december 31 2014 benson decides to pay the maximum

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Accounting Basics: On december 31 2014 benson decides to pay the maximum

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