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The next dividend payment by Winnebagel Corp. will be $1.90 per share. The dividends are...

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Finance

The next dividend payment by Winnebagel Corp. will be $1.90 per share. The dividends are anticipated to maintain a growth rate of 7.25% forever. Assume the stock currently sells for $50.20 per share. What is the dividend yield? Round your answer to two decimal places in percentage form.

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