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You are considering the purchase of Sanders Corp., a constant growth stock. The stock paid a current price of $3.00. The next years stock price

You are considering the purchase of Sanders Corp., a constant growth stock. The stock paid a current price of $3.00. The next years stock price is expected to be $3.18. If the stock is returning 15%, calculate its dividend yield.

	a.	6%
	b.	7%
	c.	8%
	d.	9%

Please add calculations.

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