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LOL Trading Co Ltd issued 4M Ordinary Shares 3 years ago at $3. The business has been very successful and shares are now trading in

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LOL Trading Co Ltd issued 4M Ordinary Shares 3 years ago at $3. The business has been very successful and shares are now trading in the market at $10. A dividend of $0.51 was just paid and the business expects to be able to increase dividends by 18% every year. Calculate LOL's return on equity correct to TWO decimal places (ignore % sign)

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