Answer:
a. The yield on Friday can be calculated by dividing the annual dividend by the stock price and multiplying by 100. In this case, the annual dividend is $1.60 and the stock price is $44. So, the yield on Friday is (1.60 / 44) * 100 = 3.6%.
b. To determine the closing price on Thursday, we need to consider the net change. The net change is given as +0.35, which means the stock price increased by $0.35. Since the closing price on Friday was $44, we can subtract the net change to find the closing price on Thursday. Therefore, the closing price on Thursday was $44 - $0.35 = $43.65.
c. To calculate the yield at Thursday's close, we need to divide the annual dividend by the closing price on Thursday and multiply by 100. The annual dividend is still $1.60, and the closing price on Thursday is $43.65. So, the yield at Thursday's close is (1.60 / 43.65) * 100 = 3.7%.
d. The net change on Thursday was +1.22, indicating an increase in the stock price of $1.22. To find the closing price on Wednesday, we need to subtract the net change from the closing price on Thursday. Therefore, the closing price on Wednesday was $43.65 - $1.22 = $42.43.
e. If the dividend was $1.60 on Wednesday, we can calculate the yield at Wednesday's close by dividing the dividend by the closing price on Wednesday and multiplying by 100. The dividend is $1.60, and the closing price on Wednesday is $42.43. So, the yield at Wednesday's close is (1.60 / 42.43) * 100 = 3.8%.
Please note that these calculations assume that the dividend is paid annually and that there are no other factors affecting the stock price or dividend, okay?
