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A stock will pay a dividend of $6 at the end of the year. It sells today for $102 and its dividends are expected grow

image text in transcribed A stock will pay a dividend of $6 at the end of the year. It sells today for $102 and its dividends are expected grow at a rate of 6%. What is the implied rate of return on this stock? Enter in percent and round to the nearest one-hundredth of a percent. Do not include the percent sign (\%)

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