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Common stockholder expected return) The common stock of Martin Co. is selling for $36.22 per share. The stock recently paid dividends of $2.50 per share
Common stockholder expected return) The common stock of Martin Co. is selling for $36.22 per share. The stock recently paid dividends of $2.50 per share and has a projected constant growth rate of 8.9 percent. If you purchase the stock at the market price, what is your expected rate of return? Question content area bottom Part 1 Your expected rate of return is enter your response here%. (Round to two decimal places.)
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