Information concerning the common stock of Morris Company as of the end of the company's fiscal year is presented below.
Number of shares outstanding 460,000
Par value per share $ 5.00
Dividends paid per share $ 6.00
Market price per share $ 54.00
Earnings per share $ 18.00
The dividend yield ratio is closest to:
a) 50.0%.
b) 33.3%.
c) 120.0%.
d) 11.1%.