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32) Cercei's Cutlery Company reported the following for2018: Earnings/share: $18.68 Market price per share of commonstock: $65 Number of shares of common stockoutstanding: 79,000 Netincome:
32) Cercei's Cutlery Company reported the following for2018:
Earnings/share:
$18.68
Market price per share of commonstock:
$65
Number of shares of common stockoutstanding:
79,000
Netincome:
$56,000
Dividends/share:
$6.73
What is the dividend yield forCercei's CutleryCompany? (Round your final answer to two decimalplaces, X.XX%.)
A.
39.09%
B.
10.35%
C.
36.03%
D.
28.74%
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