1. **State the problem:** We need to find which company, Zovaxacquin Pharmaceuticals or Axerxia Corp., has the higher dividend yield. 2. **Formula for dividend yield:** Dividend yield is calculated as $$\text{Dividend Yield} = \frac{\text{Annual Dividends per Share}}{\text{Price per Share}} \times 100\%$$ 3. **Calculate annual dividends per share:** - Zovaxacquin pays 22 cents quarterly, so annual dividend is $$22 \times 4 = 88 \text{ cents} = 0.88$$ - Axerxia pays 59 cents quarterly, so annual dividend is $$59 \times 4 = 236 \text{ cents} = 2.36$$ 4. **Calculate dividend yield for Zovaxacquin:** $$\frac{0.88}{17.35} \times 100\% = \frac{0.88}{17.35} \times 100\%$$ Calculate intermediate step: $$\frac{\cancel{0.88}}{\cancel{17.35}} = 0.05072 \approx 5.07\%$$ 5. **Calculate dividend yield for Axerxia:** $$\frac{2.36}{68.45} \times 100\% = \frac{2.36}{68.45} \times 100\%$$ Calculate intermediate step: $$\frac{\cancel{2.36}}{\cancel{68.45}} = 0.03448 \approx 3.45\%$$ 6. **Compare yields:** Zovaxacquin's dividend yield is approximately 5.07%, while Axerxia's is approximately 3.45%. 7. **Conclusion:** Zovaxacquin Pharmaceuticals has the higher dividend yield because it pays a higher percentage of its share price as dividends annually.