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Last year, Shelby Corporation's dividend on common stock was $13.00 per share and the dividend on preferred stock was $2.10 per share. The market price

Last year, Shelby Corporation's dividend on common stock was $13.00 per share and the dividend on preferred stock was $2.10 per share. The market price of common stock at the end of the year was $68.60 per share. Required: Compute the dividend yield ratio. Have to show work.

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