Hammer Company has 40,000 shares of common stock outstanding. The following data pertain to these shares for the most recent year: Price originally issued.................... $25 per share Book value, December 31.............. $40 per share Market value, January 1................. $50 per share Market value, December 31........... $60 per share The total dividend on common stock was $480,000. Cammer Company's dividend yield ratio for the year was: A) 20% B) 24% C) 48% D) 30%

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