The following information was taken from the financial statements of Royer Medical Inc. for December 31 of the current fiscal year:
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Common stock, $5 par value (no change during the year)
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$1,500,000
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Preferred $5 stock, $50 par (no change during the year)
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450,000
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The net income was $450,000, and the declared dividends on the common stock were $75,000 for the current year. The market price of the common stock is $20 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. Round to one decimal place except earnings per share, which should be rounded to two decimal places.