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Gardenia Floral Designs just issued a dividend of $1.65. Dividends have been increasing at a rate of 7.1% per year. Currently, the stock is selling

Gardenia Floral Designs just issued a dividend of $1.65. Dividends have been increasing at a rate of 7.1% per year. Currently, the stock is selling for $76 per share and has a required return of 9.4%. What is the dividend yield?

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