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x Y Z stock is currently selling for $ 2 4 . 5 4 per share. The company just paid its first annual dividend of

xYZ stock is currently selling for $24.54 per share. The company just paid its first annual dividend of $0.85 a share. The firm plans to increase the dividend by 6.5 percent per year indefinitely. What is the expected return on xYZ stock?
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