Halumi Company has a common stock issue outstanding. The common shares are selling for $35...

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Finance

Halumi Company has a common stock issue outstanding. The common shares are selling for $35 and just paid a $3 dividend.

If you expect a 2.75% dividend growth rate, the rate of return you would earn if you purchased the common shares for the current market price would be ____%

(Please enter your answer with 2 decimal places and in percentage format. Do not use commas or units)

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