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A company expects to pay a dividend of S$0.55 next year. Its expected growth rate of dividends is 2.5%. If your friend Marc buys this

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A company expects to pay a dividend of S$0.55 next year. Its expected growth rate of dividends is 2.5%. If your friend Marc buys this share at S$9 thinking that is it correctly valued, what is his expected rate of return? 8.764% 2.500% 6.111% 8.611%

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