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XYZ stock is currently selling for $99.48 per share. The company just paid its first annual dividend of $3.71 a share. The firm plans

XYZ stock is currently selling for $99.48 per share. The company just paid its first annual dividend of $3.71 a share. The firm plans to increase the dividend by 5 percent per year indefinitely. What is the expected return on XYZ stock? Enter your answer in percentages rounded off to two decimal points.

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