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What is the expected rate of return for a stock that is expected to pay...

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Finance

What is the expected rate of return for a stock that is expected to pay $1 dividend next year and is currently selling for $10. The price of the stock next year is expected to be $10.07. Write your answer as a decimal (i.e. do not change to a percent). So if the answer is 5.2% write the decimal equivalent of 0.052).

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