2.3 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 3.4

The dividend yield is:

Group of answer choices

7.00%

4.67%

70.00%

11.67%