The shares of the dyer drilling co sell for 60 the firm has, Financial Management

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The shares of the dyer drilling co sell for 60 the firm has

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 %

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Financial Management: The shares of the dyer drilling co sell for 60 the firm has

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