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Judy's Boutique just paid an annual dividend of $ 1 . 4 8 on its common stock and increases its dividend by 2 . 2

Judy's Boutique just paid an annual dividend of $1.48 on its common stock and increases its dividend by 2.2 percent annually. What is the rate of return on this stock if the current stock price is $29.60 a share?
Group of answer choices
8.37 percent
8.33 percent
7.31 percent
7.54 percent
8.19 percent

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