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Analysts are expecting that a firm will make a dividend payment of $2.40. The dividends have experienced a rate of growth equal to 4.3%. Given

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Analysts are expecting that a firm will make a dividend payment of $2.40. The dividends have experienced a rate of growth equal to 4.3%. Given that the stock is selling for $31.60, what expected return would be consistent with those parameters? Answer in percentage without the symbol. HINT: refer to equation 9-3 in the book

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