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If the next dividend paid (D 1 ) is expected to be $1.16 and the stock's price (P 0 ) is $19.96, what is the

If the next dividend paid (D1) is expected to be $1.16 and the stock's price (P0) is $19.96, what is the stock's expected dividend yield for the coming year? Enter as a decimal with 4 decimals of precision.

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