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A company has a stock price of $32.35 per share. The last dividend was $3.42 (D0 = $3.42). The long-term growth rate for the company

A company has a stock price of $32.35 per share. The last dividend was $3.42 (D0 = $3.42). The long-term growth rate for the company is a constant 7 percent. What is the company's dividend yield?

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