Question: The next dividend payment by Hoffman, Inc., will be $2.55 per share. The dividends are anticipated to maintain a growth rate of 6 percent forever.

The next dividend payment by Hoffman, Inc., will be $2.55 per share. The dividends are anticipated to maintain a growth rate of 6 percent forever. Assume the stock currently sells for $48.70 per share.What is the dividend yield? If you know correct answer then attempt if you gave wrong answer then i gave dislikes for you

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