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You pay $50 per share for 500 shares of stock. Over the course of the next year, each share pays two dividends of 90 cents

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You pay $50 per share for 500 shares of stock. Over the course of the next year, each share pays two dividends of 90 cents each and grows in value to $57. What is the stock's dividend yield over the year? Round your answer to the nearest tenth of a percent. For example, write 2.8% as .028. Answer: 1

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