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( Common stockholder expected return ) The market price for Earnest Corporation common stock is $41 per share. The price at the end of 1

(Common stockholder expected return)

The market price for Earnest Corporation common stock is $41 per share. The price at the end of 1 year is expected to be $46, and dividends for next year should be $1.50. What is the expected rate of return?

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