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Butler Corp is expected to pay a dividend next year of $5.48 per share. The dividend is expected to grow at a constant rate of
Butler Corp is expected to pay a dividend next year of $5.48 per share. The dividend is expected to grow at a constant rate of 3% per year. If Butler Corp stock is selling for $57.11 per share, what is the stockholders' expected rate of return? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)
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