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Information Concerningthe Common Shares of Morris Company as of the End

Question 45

Multiple Choice

Information concerningthe common shares of Morris Company as of the end of the company's fiscal year is presented below:
 Nurnber of Shares Outstanding 460,000 Par Values per Share $5.00 Dividend per Share $6.00 Market Price per Share $54.00 Earrings per Share $18.00\begin{array} { | l | r | } \hline \text { Nurnber of Shares Outstanding } & 460,000 \\\hline \text { Par Values per Share } & \$ 5.00 \\\hline \text { Dividend per Share } & \$ 6.00 \\\hline \text { Market Price per Share } & \$ 54.00 \\\hline \text { Earrings per Share } & \$ 18.00 \\\hline\end{array}
The dividend yield ratio is closest to which of the following?


A) 11.1%.
B) 33.3%.
C) 50.0%.
D) 120.0%.

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