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Company Y does not plow back any earnings and is expected to produce a level dividend stream of $5.6 a share. If the current stock

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Company Y does not plow back any earnings and is expected to produce a level dividend stream of $5.6 a share. If the current stock price is $40.6, what is the market capitalization rate? (Enter your answer as a percent rounded to 2 decimal place.) Market capitalization rate %

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