The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: Computing the Dividend Yield and the Dividend Payout Ratio Refer to the information for Somerville Company on the previous page. Also, assume that the market price per common share is $8.10. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. 3. Compute the dividend payout ratio.

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