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Consider the stock of Consolidated Industires that pays annual dividends. The next dividend of $ 3 is expected to be paid in 1 year and

Consider the stock of Consolidated Industires that pays annual dividends. The next dividend of $3 is expected to be paid in 1 year and the dividends will grow at 4.8% annual rate. Find the expected return of this stock if the current stock price is $87.

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