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30. A stock is currently priced at $82.45 per share. The stock paid its annual dividend of $6.82 per share last week. Dividends are expected
30.
A stock is currently priced at $82.45 per share. The stock paid its annual dividend of $6.82 per share last week. Dividends are expected to grow at a constant rate of 5.50 percent per year in perpetuity. Calculate the expected return on this stock.
Group of answer choices
8.27%
14.23%
11.74%
8.73%
13.77%
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