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Presented Below Are Selected Data from the Financial Statements of Carnival

question 197

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Presented below are selected data from the financial statements of Carnival Corp.for 2018 and 2017. 20182017 Net income $110,000$123,000 Cash dividends paid on common stock $42,000$38,000 Market price per share of common stock at the end of the year $16.00$13.00 Shares of common stock outstanding 140,000140,000\begin{array}{lrr}&2018&2017\\\text { Net income } & \$ 110,000 & \$ 123,000 \\\text { Cash dividends paid on common stock } & \$ 42,000 & \$ 38,000 \\\text { Market price per share of common stock at the end of the year } & \$ 16.00 & \$ 13.00 \\\text { Shares of common stock outstanding } & 140,000 & 140,000\end{array}
The dividend yield ratio for 2018 is

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