During the Year,Success Ltd Shares Have Increased from $8 to $9

Multiple Choice

During the year,Success Ltd shares have increased from $8 to $9 and shareholders received a final dividend of 50 cents per share,fully franked at the company tax rate of 30 per cent.Using the information above,calculate the dividend yield after company tax but before personal tax (using the beginning of the year share price) on Success shares.

A) 13.89%
B) 7.94%
C) 6.25%
D) 8.93%