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Kovack Corporation's net operating income in Year 2 was $66, 571. net income before taxes was $46, 571. and the net income was $32, 600.

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Kovack Corporation's net operating income in Year 2 was $66, 571. net income before taxes was $46, 571. and the net income was $32, 600. Total common stock was $120,000 at the end of both Year 2 and Year 1. The par value of common stock is $2 per share. The company's total stockholders' equity at the end of Year 2 amounted to $962,000 and at the end of Year 1 to $930,000. The company declared and paid $600 dividends on common stock. The market price per share was $4.37. The company's dividend yield ratio for Year 2 is closest to: Multiple Choice 0.5% 1.9% 0.2%

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