The Phillips Company paid total cash dividends of $150,400 on 32,000 outstanding common shares. On the most recent trading day, the common shares sold at $87. What is this company's dividend yield? (NOTE, don't forget ratios from CH 9 are listed out in the instructions part of the exam.) 21.28% 3.60% 5.40% 3.57 pts O 13.18%
