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You're analyzing the stock of a certain company. The most recent dividend paid was $4 dollars per share. The company's discount rate is 12%,
You're analyzing the stock of a certain company. The most recent dividend paid was $4 dollars per share. The company's discount rate is 12%, and the firm is expected to grow at 3% per year forever. What is the dividend yield of this stock? Enter your answer as a percentage, without decimals and omitting the "%' sign.
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