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Lorraine just bought 100 shares of the Villaine industries at $42.80/share. She expects to sell...

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Finance

Lorraine just bought 100 shares of the Villaine industries at $42.80/share. She expects to sell the shares in five years for $55.10 per share. Each year, Villaine Is expected to pay yearly dividend of $2.40 per share. If this plays out what will the approximate yield on Lorraines investment be?

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