Anc Inc. just paid an annual dividend of $1.94 per share, and its estimated long-...
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Anc Inc. just paid an annual dividend of $1.94 per share, and its estimated long- term growth rate in dividends is 4.3%. The current market price of each share is $31.46. The implied rate of return on the share is %. (Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer)
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