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(Common stockholder expected retum) If you purchased 150 shares of common stock that pays an end-ol-year dividend of $4.00, what is your expecled rate of

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(Common stockholder expected retum) If you purchased 150 shares of common stock that pays an end-ol-year dividend of $4.00, what is your expecled rate of return it you purchased the stock for $26.43 per share? Assume the stock is expected to have a constant growth rate of 9 percent Your expected rate of return is Y. (Round to two decimal places.)

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