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The Phillips Company paid total cash dividends of $200,000 on 32,500 outstanding common shares. On the most recent trading day, the common shares sold at

The Phillips Company paid total cash dividends of $200,000 on 32,500 outstanding common shares. On the most recent trading day, the common shares sold at $80. What is this company's dividend yield?

13.0%

7.7%

6.2%

16.3%

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