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Dividend Yield At the market close on May 12 of a recent year, Sherman Corporation had a closing stock price of $160. In addition, Sherman

Dividend Yield At the market close on May 12 of a recent year, Sherman Corporation had a closing stock price of $160. In addition, Sherman Corporation had a dividend per share of $8.48 during the previous year. Determine Sherman Corporations dividend yield. (Round to one decimal place.)

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