Determine what the stocks dividend yield

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The Nanotechnology Research Company recently reported after-tax profits of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company's stock currently trades at $60 per share.

1) Determine what the stock's dividend yield would be if it paid $1.75 per share to common stockholders.

Reference no: EM13921549

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