Question: Please use Excel to answer this question. The next dividend payment by Kaplan Lynch is expected to be $2.35 per share. The dividends are anticipated

Please use Excel to answer this question.

The next dividend payment by Kaplan Lynch is expected to be $2.35 per share. The dividends are anticipated to maintain a 4.5% growth
rate per year for the foreseeable future and the stock currently sells for $70 per share. What is the dividend yield?

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