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A stock just paid an annual dividend of $9.85 per share. The expected growth rate of the dividend is 12.39%. The required rate of return

A stock just paid an annual dividend of $9.85 per share. The expected growth rate of the dividend is 12.39%. The required rate of return for the stock is 14.72% per annum. Based on the Dividend Discount 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). Answer:

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