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CorpCo Gathered the Following Information as of the End of the Current

Question 202

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CorpCo gathered the following information as of the end of the current fiscal year:
 Dividends on common stock $125,000 Market price per share of common stock $115.00 Shares of common stock outstanding 5,000 Dividends on preferred stock $65,000 Shares of preferred stock outstanding 600 Earnings per share on common stock $102.00 Dividends per share of common stock $25.00 Net income $575,000\begin{array} { | l | r | } \hline \text { Dividends on common stock } & \$ 125,000 \\\hline \text { Market price per share of common stock } & \$ 115.00 \\\hline \text { Shares of common stock outstanding } & 5,000 \\\hline \text { Dividends on preferred stock } & \$ 65,000 \\\hline \text { Shares of preferred stock outstanding } & 600 \\\hline \text { Earnings per share on common stock } & \$ 102.00 \\\hline \text { Dividends per share of common stock } & \$ 25.00 \\\hline \text { Net income } & \$ 575,000 \\\hline\end{array}
What is CorpCo's dividend yield? Write your answer as a percent, rounded to one decimal place.

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CorpCo's dividend yield is 21....

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