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Grapefruit, Inc. provides the following information for 20X8: Net income $33.000 Market price per share of common stock $15/share Dividends paid $0.75/share Common stock outstanding

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Grapefruit, Inc. provides the following information for 20X8: Net income $33.000 Market price per share of common stock $15/share Dividends paid $0.75/share Common stock outstanding at Jan. 1, 2018 130,000 shares Common stock outstanding at Dec 31, 2018 160,000 shares The company has no preferred stock outstanding, Calculate the dividend yield for common stock. 5.26% 1.53% 5.00% O 3.47%

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