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A share of stock is expected to pay no dividends for 4 years. After that, it will pay a dividend of $3.00 (D), and the

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A share of stock is expected to pay no dividends for 4 years. After that, it will pay a dividend of $3.00 (D), and the dividend is expected to grow by $0.07 in each future year (i.e., $3.07 in Year 6, $3.14 in Year 7. $3.21 in Year 8, etc.). Investors require a 12.0 percent rate of return. As you can calculate, the current price (Year O) for this stock is $18.98 per share, and its current dividend yield is (D/P) is 0%. Determine the expected dividend yield at Year 17 (D18/P17). Answer in decimal format, to 4 decimal places. For example, if your answer is 48.72%, enter "0.4872

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