What is the firm dividend yield

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Reference no: EM131603900

The shares of the Dyer Drilling Co. sell for $60. The firm has a P/E ratio of 15. Twenty percent of earnings is paid out in dividends.

What is the firm’s dividend yield? (Do not round your intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Dividend yield %

Reference no: EM131603900

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