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A stock has a return of 10.29 percent, and the risk-free rate is 2.02 percent. The stock has paid a $1.27 each year for the

A stock has a return of 10.29 percent, and the risk-free rate is 2.02 percent. The stock has paid a $1.27 each year for the past 8 years. What is the risk premium for this stock?

Answer should be formatted as a percent with 2 decimal places (e.g. 99.99).

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