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A certain stock has a Return on Equity of 13.1%, an expected dividend at the end of the year of $2.27, and a retention rate

A certain stock has a Return on Equity of 13.1%, an expected dividend at the end of the year of $2.27, and a retention rate of 65%. If the stock's current market price is $112.8, then what is the market's implied market cap rate for this stock?

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