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Assume that the Procter and Gamble Company... Assume that the Procter and Gamble Company will pay a $1.50 per share dividend over the next year

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Assume that the Procter and Gamble Company... Assume that the Procter and Gamble Company will pay a $1.50 per share dividend over the next year and its stock is currently selling at $37.50 per share. If investors expect the dividend to grow at an annual rate of 5% per year, what is the current expected return on the stock? Multiple Choice 9.0% 1.8% 8.0% 6.2%

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