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Consider a stock that that has just paid a dividend of $261. The dividend is expected to grow at a constant rate of 3.5% every

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Consider a stock that that has just paid a dividend of $261. The dividend is expected to grow at a constant rate of 3.5% every year. The current price of the stock is $36.29. What rate of return are investors expecting? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below founded to 2 DECIMAL PLACES Number

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