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28. You are considering the purchase of a certain stock. You expect to own the stock for the next four years. The current market price

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28. You are considering the purchase of a certain stock. You expect to own the stock for the next four years. The current market price of the stock is $24.50 and you expect to sell it for $55 in four years. You also expect the stock to pay an annual dividend of $1.25 at the end of year 1, $1.35 at the end of year 2, $1.45 at the end of year 3 and $1.55 at the end of year 4. What is your expected return from this investment? A 21.78 percent B 18.36 percent C 26.68 percent D None of these choices are correct

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