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A stock just paid an annual dividend of $6.21 per share. The expected growth rate of the dividend is 15.24%. The required rate of return
A stock just paid an annual dividend of $6.21 per share. The expected growth rate of the dividend is 15.24%. The required rate of return for the stock is 20.86% per annum. Based on the Constant Dividend Growth Model, what is the expected dividend yield for the stock for the coming year? Answer as a percentage, 2 decimal places (e.g., 12.34% as 12.34).
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