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The shares of the Dyer Drilling Co. sell for $50. The firm has a P/E...

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Finance

The shares of the Dyer Drilling Co. sell for $50. The firm has a P/E ratio of 10. Thirty percent of earnings is paid out in dividends.

What is the firms dividend yield? (Do not round your intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Dividend Yield:____%

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