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Erica bought 80 shares of stock at $42.50 per share. The company paid annual dividends of $2.75 per share. What is the annual yield to the nearest hundredth of a percent?

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Erica bought 80 shares of stock at $42.50 per share. The company paid annual dividends of $2.75 per share. What is the annual yield to the nearest hundredth of a percent?






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