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A stock is expected to pay a dividend next year of $1.90. The dividend amount is expected to grow at an annual rate of 4.9%
A stock is expected to pay a dividend next year of $1.90. The dividend amount is expected to grow at an annual rate of 4.9% indefinitely. Assuming a required return on the stock of 12.7% in the future, the dividend yield on the stock is ______%.
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