Partridge Inc. provides the following information for the year 2014: Net income $31,200 Market price...
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Partridge Inc. provides the following information for the year 2014: Net income $31,200 Market price per share of common stock $12.00/share Dividends paid $0.80/share Common stock outstanding at Jan 1, 2015 110,000 shares Common stock outstanding at Dec 31, 2016 150,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock.
A.
6.67%
B.
1.67%
C.
4.67%
D.
3.67%
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