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A company has 5.5 million shares of common stock outstanding trading at $31.50. It earns 11% after taxes on annual sales of $215 million and
A company has 5.5 million shares of common stock outstanding trading at $31.50. It earns 11% after taxes on annual sales of $215 million and has a dividend payout ratio of 33.33%. What is the company's dividend yield?
a. 6.08%
b. 8.15%
c. 4.54%
d. 9.90%
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