Problem:
Pop's just paid an annual dividend of $0.60 a share. The stock is currently selling for $22 a share and has a growth rate of 3.1 percent.
Required:
Question: What is the dividend yield?
A. 2.81 percent
B. 2.90 percent
C. 3.37 percent
D. 3.42 percent
Note: Please provide through step by step calculations.