Oil-Slick Shipping Stock Was Priced at $70 at the Beginning

Multiple Choice

Oil-Slick Shipping stock was priced at $70 at the beginning of the year.Over the year the corporation paid a dividend of $3.25 and its stock price at year-end was $65.What is the trailing dividend yield?

A) 4.6 percent
B) 4 percent
C) 5 percent
D) 5.4 percent
E) 6 percent