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Robert Smith corporation just announced that it will pay a $2.2 dividend next year. The company will increase the dividend 3.2% per year after that

Robert Smith corporation just announced that it will pay a $2.2 dividend next year. The company will increase the dividend 3.2% per year after that for the foreseen future. The stock price of the company is $32. what is dividend yield of the company?

Group of answer choices

3.2%

6.8%

4.8%

5.9%

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