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Foxburo Company expects to pay a $2.73 per share cash dividend this year on its common stock. The current market value of Foxburo stock

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Foxburo Company expects to pay a $2.73 per share cash dividend this year on its common stock. The current market value of Foxburo stock is $35.00 per share. Compute the expected dividend yield. If a competitor with a dividend yield of 3% is considered an income stock, would we classify Foxburo as a growth or an income stock? Complete this question by entering your answers in the tabs below. Dividend Yield Dividend Classification Compute the expected dividend yield. Choose Numerator: Dividend Yield Choose Denominator: Dividend Yield Dividend Yield Dividend Classification >

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