28. Nicer Corporation reported net income of $50,000 in the current year. There are 10,000 shares of $100 par, 6% preferred stock and 50,000 shares of $2 par common stock outstanding. During the year, Nicer paid the preferred stockholders a $6 per share dividend and also paid $30,000 to common shareholders. The market value of Nicers stock is preferred stock, $95, and common stock, $5.00. Calculate Nicers dividend yield on common stock. %-