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Consider a stock that that is expected to pay a dividend of $ 1 . 6 2 a year from now. The dividend is expected

Consider a stock that that is expected to pay a dividend of $1.62 a year from now. The dividend is expected to grow at a constant rate of 4.7% per year. The current price of the stock is $46.47. 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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