Arctic Company showed the following balances for the previous year: January 1 December 1 Stockholders'...
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Accounting
Arctic Company showed the following balances for the previous year: January 1 December 1 Stockholders' equity: Common stock, $5 par $4,000,000 $4,000,000 In the previous year, Arctic Company paid $1,490,000 dividends to its common stockholders and the market price per share of common stock was $24. Calculate the dividend yield for Arctic Company. (Round your answer to two decimal places.)
a.8%
b.26%
c.7%
d.16%
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