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Larry's friend, Leon, has decided to buy shares in Larry's new coffee shop, Latte Larry's. The current market price of the stock is $20. Over

Larry's friend, Leon, has decided to buy shares in Larry's new coffee shop, Latte Larry's. The current market price of the stock is $20. Over the next year, Leon expects the company to pay dividends of $1.50 per share and the price of the stock to increase by 3%. What is the expected annual return? Question 8 options: 10% 10.5% 13%

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