The following information on Gore Co. is used for the question:

Stock price: 12/31/2011 $58
High, low stock price, 2011: 32-65
Actual earnings per share (EPS), 12/31/2011: 2.20
Forecasted EPS for 2012: 2.60
Dividends per share for 2011: 1.00

What is Gore Co.'s. dividend yield based on year-end closing price?

A. 1.5%.
B. 1.7%.
C. 3.1%.

Correct Answer: B