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Shares of Luna Sea Hotels Inc. currently sell for $44.42. Yesterday, Luna Sea paid a dividend of $0.81 per share. Assume that the growth rate

Shares of Luna Sea Hotels Inc. currently sell for $44.42. Yesterday, Luna Sea paid a dividend of $0.81 per share. Assume that the growth rate of dividends will be 7.7% and that dividends will grow at a constant rate forever. Given this, what is the implicit return of the stock?

8.56%
11.58%
9.70%
10.50%

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