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Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of...

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Finance

Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $1.85 at the end of the year. Its dividend is expected to grow at a constant rate of 6.50% per year. If Walters stock currently trades for $20.00 per share, what is the expected rate of return? 7.19% 6.59% 15.75% 11.85%

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