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Strawberry Co. has a stock that has a current price of $55.5. A year from now, the stock is expected to pay a dividend of

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Strawberry Co. has a stock that has a current price of $55.5. A year from now, the stock is expected to pay a dividend of $2.55 and the price will be $52.22. What is the expected rate of return for this stock? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to 2 DECIMAL PLACES

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