CorpCo Gathered the Following Information as of the End of the Current

question 70

Essay

CorpCo gathered the following information as of the end of the current fiscal year:
​ $$\begin{array} { | l | r | } \hline \text { Dividends on common stock } & \$ 125,000 \\\hline \text { Market price per share of common stock } & \$ 115.00 \\\hline \text { Shares of common stock outstanding } & 5,000 \\\hline \text { Dividends on preferred stock } & \$ 65,000 \\\hline \text { Shares of preferred stock outstanding } & 600 \\\hline \text { Earnings per share on common stock } & \$ 102.00 \\\hline \text { Dividends per share of common stock } & \$ 25.00 \\\hline \text { Net income } & \$ 575,000 \\\hline\end{array}$$ ​
What is CorpCo's dividend yield? Write your answer as a percent, rounded to one decimal place.

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Definitions:

Passionate Love

An intense emotional and romantic attachment to a partner, characterized by feelings of euphoria and longing.

Western Phenomenon

Events, practices, or beliefs primarily observed or originating in Western cultures.

Universal

Applicable to all cases or situations without exception; something that is globally or universally true or relevant.

Passionate Love

Passionate love is an intense emotional state characterized by a powerful desire for another person, often accompanied by physical attraction and deep emotional attachment.