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Company X stock is selling for $100 per share today. The company dosen't pay dividends. Analysts forecast a 12-month price target for the company of

Company X stock is selling for $100 per share today. The company dosen't pay dividends. Analysts forecast a 12-month price target for the company of $124 per share. Calculate the expected rate of return on the companys stock.

Select one:

a. 10%

b. 2%

c. 24%

d. Insufficient Information

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