A company reported earnings per share of $9.75, paid a $6.00 cash dividend per share to preference shareholders, and paid a $0.54 cash dividend per share to ordinary shareholders. There were 1,000 preference shares outstanding and 6,000 ordinary shares outstanding during the year, and the market price per ordinary share was $45. Calculate the company's dividend yield for the ordinary share.

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The Answer of A company reported earnings per share of $9.75, paid a $6.00 cash dividend per share to preference shareholders, and paid a $0.54 cash dividend per share to ordinary shareholders. There were 1,000 preference shares outstanding and 6,000 ordinary shares outstanding during the year, and the market price per ordinary share was $45. Calculate the company's dividend yield for the ordinary share.

A Company Reported Earnings Per Share of $9