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Consider a stock that is priced at $39.02 in year 7. One year later the stock is expected to pay a dividend of $1.14 and
Consider a stock that is priced at $39.02 in year 7. One year later the stock is expected to pay a dividend of $1.14 and the price is expected to be $45.00. What is the return? (Express as a decimal and round to the nearest ten-thousandth)
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