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Question 4 0.5pts A certain stock has a Return on Equity of 12.2%, an expected dividend at the end of the year of $2.34, and

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Question 4 0.5pts A certain stock has a Return on Equity of 12.2%, an expected dividend at the end of the year of $2.34, and a retention rate of 59%. If the stock's current market price is $109.46, then what is the market's implied return for this stock? State your answer as a percentage with two decimal places and not in decimal form itself (i.e. 13.21 not.1321)

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