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Suppose a company pays a $0.50 annual dividend. Dividends are expected to grow at 3% per year. Investors expect a rate of return on this

Suppose a company pays a $0.50 annual dividend. Dividends are expected to grow at 3% per year. Investors expect a rate of return on this stock of 6%. What is the stock's year 1 dividend yield? Please place your answer in decimal format. Please keep at least 2 decimal places on your answer.

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