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You're analyzing the stock of a certain company. The most recent dividend paid was $9 dollars per share. The company's discount rate is 7%, and
You're analyzing the stock of a certain company. The most recent dividend paid was $9 dollars per share. The company's discount rate is 7%, and the firm is expected to grow at 4% 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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