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Ecolap Inc. (ECL) recently paid a $0.62 dividend. The dividend is expected to grow at a 20 percent rate. At a current stock price of

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Ecolap Inc. (ECL) recently paid a $0.62 dividend. The dividend is expected to grow at a 20 percent rate. At a current stock price of $63.45, what return are shareholders expecting? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Expected return %

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