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Mayson Company reported net income of $350,000 for last year. The company had 100,000 shares of $10 par value common stock outstanding and 5,000 shares of common stock in treasury during the year. Mayson declared and paid $1 per share dividends on common stock. The market price per common share at the end of last year was $30 The company’s dividend yield for the year was A. 30.03% B. 28.57% C. 11.11% D. 3.33% |