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Assume you think the right P / E for a stock is 2 0 ( now and over the next few years ) . You

Assume you think the right P/E for a stock is 20(now and over the next few years). You think theres a 25% chance the firm earns $2 next year, a 40% chance the firm earns $2.50 next year and 35% chance the firm earns $3 next period. If the stock trades at $45 today and pays out all earnings as dividends, your expected return from buying today is __%?(Round to the nearest whole percent)

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