The market price of Horokhiv Corporation's common stock at the end of the fiscal year 2016 was $47.50 and it declared and paid cash dividends of $3.28 per share. The dividend yield ratio for 2016 is:
A) 14.5%.
B) 7.4%.
C) 6.5%.
D) 144.8%.
E) 6.9%.
Correct Answer:
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