Phips Company paid total cash dividends of $150,400 on 32,000 outstanding common shares. On the most recent trading day, the common shares sold at $87. What is this company's dividend yield? (Do not round your intermediate calculations.)
A. 3.60%
B. 21.28%
C. 5.40%
D. 13.18%
Answer: C
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a. adjective b. adverb c. noun
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