Step 1: Understanding the Concept:
We simplify $x$ and $y$ using standard trigonometric identities, then compute the ratio $y/x$.
Step 2: Detailed Explanation:
Recall $1 + \cos 2\theta = 2\cos^2\theta$, $\tan\theta = \dfrac{\sin\theta}{\cos\theta}$, $\sec\theta = \dfrac{1}{\cos\theta}$.
\[
x = \frac{2\cos^2\theta}{\dfrac{\sin\theta - 1}{\cos\theta}} = \frac{2\cos^3\theta}{\sin\theta - 1}
\]
\[
y = \frac{\dfrac{\sin\theta+1}{\cos\theta}}{\dfrac{1}{\cos^2\theta}} = \frac{(\sin\theta+1)\cos\theta}{1} = (\sin\theta+1)\cos\theta
\]
Now,
\[
\frac{y}{x} = \frac{(\sin\theta+1)\cos\theta \cdot (\sin\theta-1)}{2\cos^3\theta} = \frac{(\sin^2\theta - 1)}{2\cos^2\theta} = \frac{-\cos^2\theta}{2\cos^2\theta} = -\frac{1}{2}
\]
Step 3: Final Answer:
$\dfrac{y}{x} = -\dfrac{1}{2}$