The common stock of a company sells for $68.40 a share. The stock is expected...
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The common stock of a company sells for $68.40 a share. The stock is expected to pay $5.00 per share next year when the annual dividend is distributed. The dividends have grown at the rate of 4.2% annually over the last several years and are expected to continue doing so. What is the market rate of return on this stock? 11,81% 11.66% 11.51% 11.36% 11.21%
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