The common stock of company XYZ can currently be purchased in the market for $25.61 per share. The company just paid a dividend of $1.91;
The common stock of company XYZ can currently be purchased in the market for $25.61 per share. The company just paid a dividend of $1.91; the dividend is expected to grow by 2.3% each year indefinitely. What is the dividend yield on this stock? Enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e. 0.1234)
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Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
