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A company recently paid a $ 1 . 2 5 dividend. The annual dividend is expected to grow at a 1 7 . 7 percent

A company recently paid a $1.25 dividend. The annual dividend is expected to grow at a 17.7 percent rate. At a current stock price of $93.44, what return are shareholders expecting? (Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g.,32.16))

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