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Wildcat Inc pays a constant annual dividend of $3.18 a share and currently sells for $53.54 a share. What is the rate of return? Answer

Wildcat Inc pays a constant annual dividend of $3.18 a share and currently sells for $53.54 a share. What is the rate of return? Answer in percentage points (e.g. 1% instead of 0.01), however answer without percentage (%) symbol.

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