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| The following information concerning Arnold Company’s common stock was included in the company’s financial reports for the last 2 years: Year 2 Year 1 Market price per share on December 31 $60 $50 Par value per share 10 10 Earnings per share 3 3 Dividends per share 1 1 Book value per share on December 31 36 34Is indicative of the company’s failure to provide a positive return to the investors. Arnold’s dividend yield in Year 2 A. Has increased compared to Year 1. B. Is indicative of the company’s failure to provide a positive return to the investors. C. Is the same as Year 1. D. Has declined compared to Year 1. |