What is stock divided yield at year zero

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Problem 1: A share of stock ahs the following expected dividends for the next 3 yrs.3.13.424.5 After yr 3 the stock dividend will go into a steady state. The dividend payout rate is 80% and ROE 20%. If RRR is 15% what is stock divided yield at year 0

Reference no: EM132965893

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