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4. J. Downs Corporation's common stock is currently selling for $53.00. It is expected to...

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4. J. Downs Corporation's common stock is currently selling for $53.00. It is expected to pay a dividend of $3.00 at the end of the year. Dividends are expected to grow at a constant rate of 4%. Compute the rate of return on J. Downs Corporation stock. (3 points)

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