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XYZ Corporation will increase its dividend by 15% per year for the next two years and then maintain a constant 2 percent growth rate. The

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XYZ Corporation will increase its dividend by 15% per year for the next two years and then maintain a constant 2 percent growth rate. The stock has a required retum of 12% and the most recent dividend (paid yesterday) was $20.00. What is the dividend yield? \begin{tabular}{|l|} \hline 0895 \\ \hline 0254 \\ \hline 0647 \\ \hline 0327 \\ \hline \end{tabular}

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