Bowyer corp expects to pay a 450 dividend in the coming


Bowyer Corp. expects to pay a $4.50 dividend in the coming year, and security analysts expect Bowyer's dividends and earnings to grow at a rate of 3% for the indefinite future. Bowyer's current stock price is $30.00 per share.

Reference: Ref 9-3

What is the expected dividend yield on Bowyer stock?

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Business Management: Bowyer corp expects to pay a 450 dividend in the coming
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