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A stock has a current price of $28.17. You expect it to reach $37.99 at the end of one year and pay $0.52 in dividends.

A stock has a current price of $28.17. You expect it to reach $37.99 at the end of one year and pay $0.52 in dividends. What is your expected holding period return? State your answer as a percentage with two decimal places and not in decimal form (i.e. 13.21 not .1321).

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