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10. XYZ Corp. just paid a dividend today of $8.60 per share. The dividend is expected to grow at a constant rate of 2.8% per

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10. XYZ Corp. just paid a dividend today of $8.60 per share. The dividend is expected to grow at a constant rate of 2.8% per year. If XYZ Corp. stock is selling for $22.00 per share, what is the stockholders' expected rate of return? Submit your answer as a percentage and round to two decimal places

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