What is the dividend yield of the stock

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GrossFlip will distribute $1.92 dividend per share at the end of the year. The current stock price is $32 per share. The discount rate (required rate of return) is 10 percent. The dividends are expected to grow at 4 percent per year indefinitely. What is the dividend yield of the this stock?

 

 

Reference no: EM132390719

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