Fiona Company expects to pay a $2.10 per share cash dividend this year on its common stock.
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Fiona Company expects to pay a $2.10 per share cash dividend this year on its common stock. The current market value of Fiona stock is $28.50 per share. Compute the expected dividend yield on the Fiona stock. Would you classify the Fiona stock as a growth or an income stock?
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