Polycom Systems earned $492 million last year and paid out 28 percent of earnings in dividends.
a. By how much did the company's retained earnings increase? (Do not round intermediate calculations. Input your answer
in dollars, not millions (e.g., $1,234,000).)
Answer is complete but not entirely correct.
Addition to retained earnings
$ 354,000,000 ×
b. With 100 million shares outstanding and a stock price of $148, what was the dividend yield? (Hint: First compute dividends
per share.) (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
Answer is complete and correct.
Dividend yield 0.93 %
