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Company Y does not plow back any earnings and is expected to produce a level dividend stream of $5.20 a share. If the current stock

Company Y does not plow back any earnings and is expected to produce a level dividend stream of $5.20 a share. If the current stock price is $40.20, what is the market capitalization rate? (Round your answer to 2 decimal places.)

Market capitalization rate= %

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