The shares of Ynot Development Company sell for $37.50. The firm has a P/E ratio...

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Finance

The shares of Ynot Development Company sell for $37.50. The firm has a P/E ratio of 15, and 30 percent of earnings are paid out in dividends.
What is the dividend yield? (Do not round intermediate calculations. Round the final answer to 1 decimal place.)
Dividend yield %
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