Stock is expected to pay dividend next year

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A stock is expected to pay a dividend next year of $2.10. The dividend amount is expected to grow at an annual rate of 5.5% indefinitely. Assuming a required return on the stock of 8.3% 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

Reference no: EM131130545

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