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The shares of the Dyer Drilling Co. sell for exist60. The firm has a P/E ratio of 15. Sixty percent of earnings is paid out

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The shares of the Dyer Drilling Co. sell for exist60. The firm has a P/E ratio of 15. Sixty percent of earnings is paid out in dividends. What is the firm's dividend yield? (Do not round your intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Dividend yield %

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