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The Phibbs Company paid total cash dividends of $120,400 on 28,000 outstanding common shares. On...

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Accounting

The Phibbs Company paid total cash dividends of $120,400 on 28,000 outstanding common shares. On the most recent trading day, the common shares sold at $83. What is this company's dividend yield?

Multiple Choice

  • 5.18%

  • 23.26%

  • 3.38%

  • 15.16%

Answer & Explanation Solved by verified expert
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