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Calculate the the dividend yield ratio

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Question - Information concerning the common stock of Morris Company as of the end of the company's fiscal year is presented below.

Number of shares outstanding 460,000

Par value per share $ 5.00

Dividends paid per share $ 6.00

Market price per share $ 54.00

Earnings per share $ 18.00

The dividend yield ratio is closest to:

a. 50.0%.

b. 33.3%.

c. 120.0%.

d. 11.1%.

Reference no: EM131799466

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