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(Common stock valuation) Schlumberger is selling for $71.31 per share and paid a dividend of $1.71 last year. The dividend is expected to grow at

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(Common stock valuation) Schlumberger is selling for $71.31 per share and paid a dividend of $1.71 last year. The dividend is expected to grow at 4 percent indefinitely. What is the stock's expected rate of return? The stock's expected rate of return is %. (Round to two decimal places.)

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