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Blue Sky Corporation's stock is currently selling for $89. It just paid its annual dividend of $9 after reporting an ROE of 15%. The firm
Blue Sky Corporation's stock is currently selling for $89. It just paid its annual dividend of $9 after reporting an ROE of 15%. The firm pays out 38% of its earnings as dividends. What is the expected return of this stock? PLEASE INPUT THE ANSWER IN PERCENT ROUNDING IT TO 2 DECIMALS. DO NOT INCLUDE % SIGN, E.G., INSTEAD OF 9.99% INPUT 9.99
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