Use the information below to answer the question that follows:
Maimalari Ltd had
(i) Earning per share 47k
(ii) Dividend per share 30k
(iii) Par value of each share ₦1.20
(iv) Market price per share ₦1.50
The company’s earning yield is
Options
A) 20.00%
B) 25.00%
C) 31.33% >>>>>>>>>>
D) 39.17%
The correct answer is C.
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