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Company Y does not plow back any earnings and is expected to produce a level dividend stream of $6.1 a share. If the current stock

Company Y does not plow back any earnings and is expected to produce a level dividend stream of $6.1 a share. If the current stock price is $41.1, what is the market capitalization rate? (Enter your answer as a percent rounded to 2 decimal place.)

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Fundamentals of corporate finance

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10th edition

978-0078034633

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