Polycom Systems earned $551 million last year and paid out 22 percent of earnings in...
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Polycom Systems earned $551 million last year and paid out 22 percent of earnings in dividends. With 100 million shares outstanding and a stock price of $145, what was the dividend yield? (Hint: First compute dividends per share.) (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
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