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Just today, Company Y ' s common stock paid a $ 1 . 8 0 annual dividend per share and had a closing price of

Just today, Company Y's common stock paid a $1.80 annual dividend per share and had a closing price of $30. Assume that the markets required return, or capitalization rate, for this investment is 15% and that dividends are expected to grow at a constant rate forever. What is the expected dividend yield

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