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FFC stock is currently selling for $34.00. It paid end of the year dividend of $2.00. dividends are expected to grow at a constant rate
FFC stock is currently selling for $34.00. It paid end of the year dividend of $2.00. dividends are expected to grow at a constant rate of 4.5% indefintely. Comput the expected rate of return on FFC stock.
A) 11.42%
B) 10.38%
C) 12.43%
D) 10.65%
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