Partridge Ltd Provides the Following Information for the Year 2017

Multiple Choice

Partridge Ltd provides the following information for the year 2017: $\begin{array}{|l|l|}\hline\text { Net profit } & \$ 34,000 \\\hline \text { Market price per share of ordinary shares } & \$ 17 / \text { share } \\\hline \text { Dividends paid } & \$ 0.75 / \text { share } \\\hline \text { Ordinary shares outstanding at } 1 \text { Jan } 2016 & 130,000 \text { shares } \\\hline \text { Ordinary shares outstanding at 31 Dec } 2017 & 150,000 \text { shares }\\\hline\end{array}$ The company has no preference shares outstanding.Calculate the dividend yield for ordinary shares.

A) 4.41%
B) 3%
C) 1.41%
D) 4.62%