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2.2 B, Inc. stock is selling for $31.50 per share. It's net income for the year was $210,000. It pays dividends of $1.47 per share.

2.2 B, Inc. stock is selling for $31.50 per share. It's net income for the year was $210,000. It pays dividends of $1.47 per share. Other information is shown below.

Assets

$7,000,000

Liabilities

$5,740,000

Stock shares outstanding

100,000

Problem 3.3

The earnings yield is:

Group of answer choices

14.29%

7.00%

4.67%

6.67%

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