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The risk free rate is 2.9%. A stock that is currently priced at $88 is expected to be priced at $98 and to pay a

The risk free rate is 2.9%. A stock that is currently priced at $88 is expected to be priced at $98 and to pay a dividend of $3 one year from now.

What is the risk premium? (Express your answer as a decimal. Round to the nearest ten-thousandth)

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