Question: A stock is expected to pay a dividend next year of $1.6. The dividend amount is expected to grow at an annual rate of 4.9%

A stock is expected to pay a dividend next year of

A stock is expected to pay a dividend next year of $1.6. The dividend amount is expected to grow at an annual rate of 4.9% indefinitely. Assuming a required return on the stock of 11.9% in the future, the dividend yield on the stock is %. Margin of error for correct responses: +/.05

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