The Duo Growth Company just paid a dividend of $3 per share. The dividend is expected to graow at a rate of 26% per year for the next 3 years. After the 3rd year, it will level off to 6% forever. The appropriate market capitalization rate is 21% per year. This is a Variable Growth Problem. What is the Dividend Yield on this stock? Round answer to 4 decimal places.

The Duo Growth Company just paid a dividend of $3 per share. The dividend is expected to graow at a rate of 26% per year for the next 3 years. After the 3rd year, it will level off to 6% forever. The appropriate market capitalization rate is 2196 per year. This is a Variable Growth Problem. What is the Dividend Yield on this stock? Round answer to 4 decimal places