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ABC Inc has preferred stock with a price of $27.20 and a dividend of $1.42 per year. What is the dividend yield in percentage? (Provide

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ABC Inc has preferred stock with a price of $27.20 and a dividend of $1.42 per year. What is the dividend yield in percentage? (Provide the numeric answer to 2 decimal places. For example, if your answer is 0.9458%, please type 0.95.)

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