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Consider a stock that that has just paid a dividend of $1.93. The dividend is expected to grow at a constant rate of 2.6% every

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Consider a stock that that has just paid a dividend of $1.93. The dividend is expected to grow at a constant rate of 2.6% every year. The current price of the stock is $45.39. What rate of retum are investors expecting? Enter your answer as a percentago. Do not include the percentage sign in your answer. Enter your response below rounded to 2 DECIMAL PLACES Number

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