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A firm's just paid an annual dividend of $4.50 on its common stock. This dividend increases by 3.5 percent per year. What is the market

A firm's just paid an annual dividend of $4.50 on its common stock. This dividend increases by 3.5 percent per year. What is the market rate of return if the stock is selling for $40 a share? (Show your formula/equation/calculations)

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