The following stock quotations were recently reported in The Wall Street Journal:
a. What are the dividend yields on the common stock of Duke energy, johnson & johnson, and the Sara Lee?
b. What possible explanation can you give for the differences in the common stock dividend yields observed in Part a?
c. What is the current price-earnings ratio for Duke Energy and for Johnson & Johnson?
d. What possible explanation can you give for the differences in the price-earnings ratios observed in Part c?
e. Why do you think the dividend yield on Duke Energy's preferred stock is so much larger than the dividend yield on its common stock?
f. What was the previous day's closing price for Sara Lee's common stock?