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26-05-2023
Business

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A company will pay dividend of $3.50 next year (D₁ = $3.50) and its dividend will grow at a constant rate of 3.5% every year indefinitely (g = 3.5%). If the company's stock value is $70.00 (Po = $70.00), what is the stock's expected dividend yield for the coming year? 3.50% O 5.00% 8.50% O 20.00%

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