Question -
Prepare the journal entry to record channel one company's issuance of 100,000 shares of $0.50 par value common stock assuming the shares sell for: a. $0.50 cash per share b. $2 cash per share
Fiona Company expects to pay a $2.10 per share cash dividend this year on its common stock. The current market value of Fiona stock is $28.50 per share. Compute the expected dividend yield on the Fiona stock. Would you classify the Fiona stock as a growth or an income stock? Explain.