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#6- Bali Regional Healthcare System's current stock price is $21, its next per share dividend (assumed to be paid annually) is forecasted to be

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#6- Bali Regional Healthcare System's current stock price is $21, its next per share dividend (assumed to be paid annually) is forecasted to be $7, and analysts expect the company to grow at a constant annual rate of 3 percent. What is the stock's expected rate of return? Round your answer to two decimal points.

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