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9. Nell Corporation stock is currently selling for $24.50. The stock is expected to pay a dividend of $2.25 at the end of the year.

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9. Nell Corporation stock is currently selling for $24.50. The stock is expected to pay a dividend of $2.25 at the end of the year. Dividends are expected to grow at a constant rate of 4% indefinitely. Compute the expected rate of return on Nell Corporation stock. Submit your answer as a percentage and round to two decimal places

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