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Consider a stock that has an annual dividend of $1.61, earnings per share of $3.24, and a price of $32.27. What is the dividend yield?

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Consider a stock that has an annual dividend of $1.61, earnings per share of $3.24, and a price of $32.27. What is the dividend yield? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to 2 DECIMAL PLACES

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