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General Motors Inc. paid a dividend today of $2.60. The dividend is expected to grow at a constant rate of 3.25% per year indefinitely. If

General Motors Inc. paid a dividend today of $2.60. The dividend is expected to grow at a constant rate of 3.25% per year indefinitely. If General Motors Inc. stock is currently selling for $37.03, the stockholders' expected rate of return is __________.

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