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Lotsa Lenses paid a dividend of $1.17 last year, and plans a dividend growth rate of 3.70% indefinitely. Lotsas stock price is now $14.44. What
Lotsa Lenses paid a dividend of $1.17 last year, and plans a dividend growth rate of 3.70% indefinitely. Lotsas stock price is now $14.44.
What return can Lotsa Lenses investors expect on their stock? (Round your answer to 2 decimal places.)
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