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A stock's price today is $ 3 5 , and it is expected to pay out a dividend of $ 0 . 8 6 per

A stock's price today is $35, and it is expected to pay out a dividend of $0.86 per share in one year. What is the stock's expected dividend yield? (Leave your
answer as a percentage and round to two places past the decimal point). For example, enter 1.53%.

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