The shares of ABC Ltd have a market price of $4 and an annual dividend of 17.5 cents per share fully franked at the tax rate of 30 per cent.Calculate the dividend yield on the shares of ABC that would be reported in the financial press.
A) 22.85%
B) 4.375%
C) 1.312%
D) Cannot be calculated as not enough information is provided.
Correct Answer:
Verified
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