Use the information below to answer question

Maimalari Ltd had (i) Earning per share 47k

(ii) Dividend per share 30k

(iii) Par value of each share N1.20

(iv) Market price per share N1.50

The company's earning yield is?

• A 20.00%
• B 25.00%
• C 31.33%
• D 39.17%