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A stock is currently priced at $76.48 per share. The stock paid its annual dividend of $4.32 per share last week. Dividends are expected to

A stock is currently priced at $76.48 per share. The stock paid its annual dividend of $4.32 per share last week. Dividends are expected to grow at a constant rate of 4.75 percent per year in perpetuity. Calculate the expected return on this stock

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