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Buylow Inc. will pay a dividend of $2.35 per share next year, and dividends are expected to grow at a constant rate of 2% forever.
Buylow Inc. will pay a dividend of $2.35 per share next year, and dividends are expected to grow at a constant rate of 2% forever. The current share price is $100 per share. Calculate the implied rate of return on this investment. (Enter percentages as decimals and round to 4 decimals)
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