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#3. A firm's stock is expected to pay a $2 annual dividend next year, and the current $50 stock price is expected to rise to

#3. A firm's stock is expected to pay a $2 annual dividend next year, and the current $50 stock price is expected to rise to $53 over the next year. What is the expected return?

a. 8%

b. 10%

c. 12%

d. 15%

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