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In Dec 2019, the Yahoo! Finance website provided the following information for the stock of Zoracle: Trailing P/E: 12.70 Forward P/E: 14.80 Earnings growth rate:

In Dec 2019, the Yahoo! Finance website provided the following information for the stock of Zoracle: Trailing P/E: 12.70 Forward P/E: 14.80 Earnings growth rate: 2.10% If you assume that the earnings growth rate represents the long -run earnings growth rate for the firm, what is the implied rate of return required by investors? Round your answer to the nearest tenth of a percent.

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