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JFG stock is expected to pay a dividend of $6.70 a share in one year. Thereafter, the expected annual growth rate of the dividend is

JFG stock is expected to pay a dividend of $6.70 a share in one year. Thereafter, the expected annual growth rate of the dividend is 4.5%. Based on the Dividend Discount model, what is the most that you would be willing to pay for a share of JFG stock today if your required rate of return is 15.5% per annum? Answer to the nearest penny.

Jane purchased 100 shares of Acme Consolidated 1 year ago at $67.22 per share. During the year, Acme paid a dividend of $2.42 per share. Currently, the stock is selling for $78.65 per share. What is Jane's realized rate of return for the year from the stock? Answer as a percentage, 2 decimal places (e.g., 12.34% as 12.34).

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