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Suppose you buy a stock at a price of $25 per share today. But now you expect to be able to sell the stock at
Suppose you buy a stock at a price of $25 per share today. But now you expect to be able to sell the stock at a price of $27 per share next year. However, you anticipate total dividend payments of $3 per share.
What is the new expected return on this investment (units:percent per year)?
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