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J.G. Corps common stock is currently selling for $67.00. It is expected to pay a dividend of $3.00 at the end of the year. Dividends

J.G. Corps common stock is currently selling for $67.00. It is expected to pay a dividend of $3.00 at the end of the year. Dividends are expected to grow at a constant rate of 4% indefinitely. Compute the expected rate of return on J.G. Corp stock. (Show your work.)

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