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Consider a stock that that has just paid a dividend of $ 2 . 8 4 . The dividend is expected to grow at a

Consider a stock that that has just paid a dividend of $2.84. The dividend is expected to grow at a constant rate of 4.6% every year. The current price of the stock is $31.63. What rate of return are investors expecting? Enter your answer as a percentage. Do not include the percentage sign in your answer.

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