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(CHAPTER 8) You've just bought a share of stock for $84. You plan to sell it next year, at which time you expect it to
(CHAPTER 8) You've just bought a share of stock for $84. You plan to sell it next year, at which time you expect it to go up in price to $113 a share. Also, over the coming year, you expect the company to pay you a $3.4 dividend. If you sell the share of stock next year, what will be your dividend yield over the coming year? (Do NOT use "%" in your answer. Write your answer in decimals, and round your answer to TWO decimal places. For example, 5.1% should be typed as 0.05)
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