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The Phibbs Company paid total cash dividends of $70,000 on 20,000 outstanding common shares. On the most recent trading day, the common shares sold at

The Phibbs Company paid total cash dividends of $70,000 on 20,000 outstanding common shares. On the most recent trading day, the common shares sold at $75. What is this company's dividend yield? Multiple Choice 2.87% 4.67% 20.47% 28.57%

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