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A stock sells for $61.69. The next dividend will be $2.76 per share. If the expected return is 11%, what must be the expected growth

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A stock sells for $61.69. The next dividend will be $2.76 per share. If the expected return is 11%, what must be the expected growth of the stock? Your Answer: Answer Question 4 (3 points) Arts and Crafts, Inc., will pay a dividend of $4.50 per share in 1 year. It sells at \$ 61.95 a share, and has an expected return of 15.46 percent. What must be the expected growth rate of the company's dividends? Your

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