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Consider a stock that that is expected to pay a dividend of $1.99 a year from now. The dividend is expected to grow at a

Consider a stock that that is expected to pay a dividend of $1.99 a year from now. The dividend is expected to grow at a constant rate of 2.5% per year. The current price of the stock is $41. What rate of return are investors expecting? Enter your answer as a percentage.

Round to 4 decimal places please!

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