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A year ago, when shares in Lanchester plc were selling for 50, the dividend yield was 3.5 percent. Today the shares are selling for 36

A year ago, when shares in Lanchester plc were selling for 50, the dividend yield was 3.5 percent. Today the shares are selling for 36 a share. What is the expected return on this stock if the company maintains a constant dividend growth rate of 3 percent?

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