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Currently, the dividend yield on the U.S. stock market is 3%. The annualized dividend growth rate on the market is 4.4%. Based on this information,
Currently, the dividend yield on the U.S. stock market is 3%. The annualized dividend growth rate on the market is 4.4%. Based on this information, what is your forecast for the long-term annual stock return on the U.S. stock market?
Express your answer in percent to one decimal place of accuracy. Do not type the % symbol.
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