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Suppose you purchased one share of ABC, Inc for $55.41 per share. The company paid a dividend of $8.07 per share during the year, and

Suppose you purchased one share of ABC, Inc for $55.41 per share. The company paid a dividend of $8.07 per share during the year, and had an ending share price of $78.71. What is the dividend yield?

Note: Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.

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