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Shares of common stock of the Leafpad Co. offer an expected total return of 8.7 percent. The dividend is increasing at a constant 4.4 percent

Shares of common stock of the Leafpad Co. offer an expected total return of 8.7 percent. The dividend is increasing at a constant 4.4 percent per year. What must be the dividend yield?

Enter rate in percents, to two decimal places.

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