Cameron Corporation had 50,000 shares of common stock issued and outstanding that it originally issued for $40 per share. The following information pertains to these shares: Book value at end of current year$70 Market value, beginning of current year$85 Market value, end of current year$90 The total dividend on common stock for the year was $400,000. Cameron Corporation's dividend yield ratio for the year was:
A. 20.00%
B. 9.41%
C. 8.89%
D. 11.43%
Answer: C
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