Saturn corporation has just declared a 25 percent stock, Financial Management

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Saturn corporation has just declared a 25 percent stock

Saturn Corporation has just declared a 25 percent stock dividend. The stock was selling for $18 before the stock dividend. The stock will pay a quarterly cash dividend of 8 cents per share after the stock dividend. If the 8-cent dividend is maintained over the next year what is the post-stock dividend yield?

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Financial Management: Saturn corporation has just declared a 25 percent stock

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