Polycom Systems
Question
10)Polycom Systems earned $556 million last year and paid out 29 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).) |
| Addition to retained earnings | $ |
| b. | With 100 million shares outstanding and a stock price of $110, 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.) |
| Dividend yield | % |
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