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Grape Co. has a stock that has a current price of $54.82. A year from now, the stock is expected to pay a dividend of

Grape Co. has a stock that has a current price of $54.82. A year from now, the stock is expected to pay a dividend of $1.55 and the price will be $52.68. What is the expected rate of return for this stock? Enter your answer as a percentage. Do not include the percentage sign in your answer.

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