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Danny owns one share of stock of Lucky Hare and one share of stock of Glacial Tortoise. The total value of his holdings is $

Danny owns one share of stock of Lucky Hare and one share of stock of Glacial Tortoise. The total value of his holdings is $932.82. Both stocks pay annual dividends that are expected to continue forever. The expected return for Lucky Hare stock is 10.10 percent and its annual dividend is expected to remain at $2.24 forever. What is the expected return for Glacial Tortoise stock if its next dividend is expected to be $47.90 and all subsequent dividends are expected to grow by 4.84 percent annually? The next dividend for both firms stocks will be paid in one year.
1.11%(plus or minus 5 bps)
10.10%(plus or minus 5 bps)
5.26%(plus or minus 5 bps)
5.09%(plus or minus 5 bps)
the answer cannot be obtained based on the given information

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