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You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $1.24, which resulted in a dividend yield of 2.3 percent. Assume the company has 93 million shares of stock outstanding and a PE ratio of 16. Company DRK Enterprises Symbol Volume DRK 18,649,130 Net income DAILY Close ?? Change 0.26 Change 0.45% YTD Change 8.73% High 78.19 What was net income for the most recent four quarters? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. 52 WEEK Low 51.74 Change 11.0%

You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $1.24, which resulted in a dividend yield of 2.3 percent. Assume the company has 93 million shares of stock outstanding and a PE ratio of 16. Company DRK Enterprises Symbol Volume DRK 18,649,130 Net income DAILY Close ?? Change 0.26 Change 0.45% YTD Change 8.73% High 78.19 What was net income for the most recent four quarters? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. 52 WEEK Low 51.74 Change 11.0%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $1.24, which resulted in a dividend yield of 2.3 percent. Assume the company has 93 million shares of stock outstanding and a PE ratio of 16. Company DRK Enterprises Symbol Volume DRK 18,649, 130 Net income Close ?? DAILY Change 0.26 YTD Change %Change High 0.45% 8.73% 78.19 What was net income for the most recent four quarters? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. 52 WEEK Low 51.74 Change 11.0%
Transcribed Image Text:You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $1.24, which resulted in a dividend yield of 2.3 percent. Assume the company has 93 million shares of stock outstanding and a PE ratio of 16. Company DRK Enterprises Symbol Volume DRK 18,649, 130 Net income Close ?? DAILY Change 0.26 YTD Change %Change High 0.45% 8.73% 78.19 What was net income for the most recent four quarters? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. 52 WEEK Low 51.74 Change 11.0%
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