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3. ABC pays a constant annual dividend of $1.26 per share on its stock. Last year at this time, the market rate of return on

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3. ABC pays a constant annual dividend of $1.26 per share on its stock. Last year at this time, the market rate of return on this stock was 14.9 percent. Today, the market rate has fallen to 12.5 percent. What would your capital gains yield have been if you had purchased this stock one year ago and then sold the stock today

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