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Jamison Insurance's stock currently sells for $20.00 a share. It just paid a dividend of...

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Finance

Jamison Insurance's stock currently sells for $20.00 a share. It just paid a dividend of $1.80 a share (that is, D0=$1.80). The dividend is expected to grow at a constant rate of 4.75% a year. What is the expected rate of return? (Answer as a percent with 2 decimal places. For example, 10 percent should be entered as 10.00. Do not use the % sign.)

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