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The firm will pay an annual dividend this year of $2 per share. The current market price of the stock is $40.00 per share. The

The firm will pay an annual dividend this year of $2 per share. The current market price of the stock is $40.00 per share. The book value of this stock is $24.00 per share. The earnings per share for this firm is $5.75. What is the current dividend yield of this stock? Show all work for credit.

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