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Can someone assist me with the following question? Thanks a lots A company is estimated to pay $2.20 dividend next year, which is 3.25% higher

Can someone assist me with the following question? Thanks a lots

A company is estimated to pay $2.20 dividend next year, which is 3.25% higher than the dividend paid over the prior year. After next year, the company's annual dividends is estimated to increase at a constant rate of 2.5%.

The company's current stock is valued at $15.80 in the market. Calculate the estimated rate of return on the company's stock

14.27%

16.42%

17.17%

16.77%

23.66%

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