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Suppose you expect New Hampshire Lake Co . ( NHLC ) to pay an annual dividend of $ 1 . 1 per share in one

Suppose you expect New Hampshire Lake Co.(NHLC) to pay an annual dividend of $1.1 per share in one year and to trade for $50.50 per share at the end of the year. If investments with equivalent risk to NHLCs stock have an expected return of 4.80%, what dividend yield would you expect? Write your answer as a percent, round to two decimal places.

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