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4.Water utilities is a dividend paying company and is expected to pay an annual dividend of $2.25 at the end of the year. Its dividend

4.Water utilities is a dividend paying company and is expected to pay an annual dividend of $2.25 at the end of the year. Its dividend is expected to grow at a constant rate of 8% per year. If water's stock currently trades at $74 per share, what is the expected rate of return?

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