A Year Ago,you Bought Some Shares of CIA Company,which Pays

Multiple Choice

A year ago,you bought some shares of CIA Company,which pays equal quarterly dividends.The income yield and the capital gain yield are 4.38 percent and 9.5 percent,respectively.The current price of CIA is $18.What was the quarterly dividend that CIA paid during the year?

A) $0.18
B) $0.41
C) $0.72
D) $1.64