Question: The next dividend payment will be $ 2 . 1 2 per share. The dividends are anticipated to maintain a growth rate of 3 %

The next dividend payment will be $2.12 per share. The dividends are anticipated to maintain a growth rate of 3% forever. Calculate the dividend yield, assuming the stock sells for $42 per share. (Enter percentages as decimals and round to 4 decimals)

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