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(Common atockholder expected rodurn) The common stock of Marfin Co. is selling for $31.66 per share. The stock recently paid dividends of $225 per share
(Common atockholder expected rodurn) The common stock of Marfin Co. is selling for $31.66 per share. The stock recently paid dividends of $225 per share and has a projected constant growth rate of 8.1 percent. If you purchase the stock at the market perice, what is your expected rate of teturn? Your axpected rate of return is 5 (Round to two decimal places.)
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