Gypsum Corp. pays out 25% of its earnings as dividends. The firm has $1 M in net profit after taxes and pays $340,000 in

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answerhappygod
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Gypsum Corp. pays out 25% of its earnings as dividends. The firm has $1 M in net profit after taxes and pays $340,000 in

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Gypsum Corp. pays out 25% of its earnings as dividends. The firm
has $1 M in net profit after taxes and pays $340,000 in preferred
dividends. The firms has 500,000 shares of common stock
outstanding. The market price per share is $22.44. What is the
dividend yield?
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