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Suppose that the dividend yield for the stock market is 5.02%. What is the corresponding dividend multiple, i.e., the number of dollars that you must
Suppose that the dividend yield for the stock market is 5.02%. What is the corresponding dividend multiple, i.e., the number of dollars that you must pay to get one dollar of dividends?
Express your answer in dollars and cents to two decimal places of accuracy. Do not type the $ symbol. For example, if your answer is $75.678, then round and type 75.68
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