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Magna Corp has a beta of 1.70. The forecasted dividend that will be paid for next year (D1) is estimated in $1.15. The current stock

Magna Corp has a beta of 1.70. The forecasted dividend that will be paid for next year (D1) is estimated in $1.15. The current stock price for the corporation is $24. The Risk-free rate is 8% and the Market required rate of return is 14%. Find the Dividend Yield for the Stock. Please show computations.

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