Question: 6. 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

6. 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 5.7% indefinitely. Assuming a required return on the stock of 12.9% in the future, the dividend yield on the stock is ______%. Margin of error for correct responses: +/- .05

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