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A stock just paid an annual dividend of $1.6. The dividend is expected to grow by 4% per year. The required rate of return is

image text in transcribed A stock just paid an annual dividend of $1.6. The dividend is expected to grow by 4% per year. The required rate of return is 8%. Part 1 Attempt 3/5 for 10 pts. What is the expected dividend yield

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