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Partridge Inc. provides the following information for the year 2014: Net income $ 40 comma 000$40,000 Market price per share of common stock $ 17.00$17.00/share

Partridge Inc. provides the following information for the year 2014:

Net income

$ 40 comma 000$40,000

Market price per share of common stock

$ 17.00$17.00/share

Dividends paid

$ 0.85$0.85/share

Common stock outstanding at Jan. 1, 2015

130 comma 000130,000 shares

Common stock outstanding at Dec. 31, 2016

170 comma 000170,000 shares

The company has no preferred stock outstanding. Calculate the dividend yield for common stock.

A.

3.413.41%

B.

5.005.00%

C.

5.265.26%

D.

1.591.59%

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