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Calculate (i) Rondo's dividend payout ratio, and (ii) the related dividend yield. Net Income: 3,855,000 Shares Outstanding: 1,000,000 Earnings per Share: 3.86 Dividends Paid: 1,927,500

Calculate (i) Rondo's dividend payout ratio, and (ii) the related dividend yield.

Net Income: 3,855,000

Shares Outstanding: 1,000,000

Earnings per Share: 3.86

Dividends Paid: 1,927,500

Increase in Retained Earnings: 1,927,500

Market Price Per Share: 62

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