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Calculating Required Return The common stock of Eddie's Engines, Incorporated, sells for $25.50 a shmie. The stock is expected to poy a dividend of $3.30

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Calculating Required Return The common stock of Eddie's Engines, Incorporated, sells for $25.50 a shmie. The stock is expected to poy a dividend of $3.30 per share next yearEdidies has established o pottern of increasing their dividends by 6.0 percent annually and expects to continue doing so. What is the market rate of return on this atock? Round to two ploces post the decimal point

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