A company has just paid dividend of 216 its discount rate


A company has just paid a dividend of 2.16exist. Its discount rate is 8.7%, and the expected perpetual growth rate is 4.4%. What is the stock's Capital Gain Yield?

Express your answer as a percentage but without the percentage sign, and rounded to 1 decimal. That is, if your answer is 0.035, which is 3.5%, then just type 3.5.

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Financial Management: A company has just paid dividend of 216 its discount rate
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