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Seaside Corp pays out 35% of its earnings (EAC) as common stock dividends. The firm has $1.2 M in net profit after taxes and pays

Seaside Corp pays out 35% of its earnings (EAC) as common stock dividends. The firm has $1.2 M in net profit after taxes and pays $450,000 in preferred dividends. The firms has 400,000 shares of common stock outstanding. The market price per share is $24.54. What is the dividend yield?

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