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A firms stock is expected to pay a $2 annual dividend next year, and the current $50 stock price is expected to rise to $60

A firms stock is expected to pay a $2 annual dividend next year, and the current $50 stock price is expected to rise to $60 over the next twelve months. What is the expected return?

a. 20%

b. 24%

c. 4%

d. 16%

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