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The shares of Chretien Golf Links Limited sell for $50.00. The firm has a P/E ratio of 20, and 30 percent of earnings are paid

The shares of Chretien Golf Links Limited sell for $50.00. The firm has a P/E ratio of 20, and 30 percent of earnings are paid out in dividends. What is the dividend yield? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Dividend yield %

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