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Jamison Insurance's stock currently sells for $11.00 a share. It just paid a dividend of $1.70 a share (that is, D 0 =$1.70). The dividend

Jamison Insurance's stock currently sells for $11.00 a share. It just paid a dividend of $1.70 a share (that is, D0=$1.70). The dividend is expected to grow at a constant rate of 4.75% a year.

What is the expected rate of return?

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