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A firm's stock is selling for $88. The next annual dividend is expected to be $400. The growth rate is 5%. The flotation contis 55

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A firm's stock is selling for $88. The next annual dividend is expected to be $400. The growth rate is 5%. The flotation contis 55 What is earnings? (Round your answer to 2 decimal places.) Multiple Choice 8.20% 11.00% 7.4096 9.55%

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