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Suppose a company just paid dividend of $8.97. The dividend is expected to grow at 2.41% each year. If the stock is currently selling for

Suppose a company just paid dividend of $8.97. The dividend is expected to grow at 2.41% each year. If the stock is currently selling for $52.6, what is the dividend yield?

Enter your answer as a percentage rounded off to two decimal points. Do not enter % in the answer box.

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