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ABC expects to pay a dividend one year from now of $1.12. The dividend exhibits constant growth of 7.1%, and the current price of the
ABC expects to pay a dividend one year from now of $1.12. The dividend exhibits constant growth of 7.1%, and the current price of the stock is $61.48. Given all of this information, what is the expected rate of return for this stock under the discounted cash flow model? (Show your answer as a decimal to three places, e.g., if you got 12.3% then input 0.123)
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