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5. The common stock of Fine China sells for $38.42 a share. The stock is expected to pay an annual dividend of $1.80 next year

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5. The common stock of Fine China sells for $38.42 a share. The stock is expected to pay an annual dividend of $1.80 next year and increase that amount by 4 percent annually thereafter. What is the market rate of return on this stock? a. 9.04% b. 9.13% c. 8.69% d. 9.22% e. 8.36%

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