SIE Exam Question 217: Answer and Explanation

Question: 217

What would the calculated current yield be for an investor given the following information?

- Investor buys 200 shares of stock PIX @ $45 per share.

- Stock PIX is currently trading @ $52 per share.

- Co. PIX pays a quarterly dividend of $1.25.

• A. 9.6 percent
• B. 2.8 percent
• C. 2.4 percent
• D. 11 percent

Correct Answer: A

Explanation: