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Ecolap Inc. (ECU) recently pald a $0.54 dividend. The dividend is expecied to grow at a 10,50 percent rate. The current stock price is $54,52.

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Ecolap Inc. (ECU) recently pald a $0.54 dividend. The dividend is expecied to grow at a 10,50 percent rate. The current stock price is $54,52. What is the refurn shareholders are expecting? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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