or 24, the annual earnings for Tennessee Electronic Company were  $3,400,000 . The corporation has  2,516,500  shares of common stock outstanding and pays an annual dividend of  $0.55  per share. The closing price for a share of common stock was  $24  last night. Calculate the following. (Round all answers to two decimal places if necessary.)   1. Current yield:   % 2. Earnings per share: $   3. Price-earnings (PE) ratio:

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