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You expect a share of stock to pay dividends of $1.20, $1.35, and $1.70 in each of the next 3 years. You believe the stock

You expect a share of stock to pay dividends of $1.20, $1.35, and $1.70 in each of the next 3 years. You believe the stock will sell for $16.00 at the end of the third year. Given the discount rate is 20%, what will be the dividend yield at the start of year 2?

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