Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A stock is expected to pay a dividend next year of $2.3. The dividend amount is expected to grow at an annual rate of 5.1% indefinitely. Assuming a required return on the stock of 11.2% in the future, the dividend yield on the stock is ______%.
Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567% should be entered as 12.35).
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