The common stock of Eddie's Engines, Inc. sells for $37.73 a share. The stock is...
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| The common stock of Eddie's Engines, Inc. sells for $37.73 a share. The stock is expected to pay $3.70 per share next year. Eddie's has established a pattern of increasing their dividends by 5.8 percent annually and expects to continue doing so. What is the market rate of return on this stock? |
10.20 percent
19.07 percent
6.86 percent
15.61 percent
9.81 percent
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