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Finley Co. is growing quickly. Dividends are expected to grow at a 25% rate for the next three years, with the growth rate falling off
Finley Co. is growing quickly. Dividends are expected to grow at a 25% rate for the next three years, with the growth rate falling off to a constant 6% thereafter. If the required return is 14%, the company will pay a dividend next year of $3.125 (D1), and the stock price is currently $52.71, what is the firms current dividend yield (approximately)?
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