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Martha's Vineyard recently paid a $2.60 annual dividend on their common stock. This dividend increases at an average rate of 3.0 percent per year forever.

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Martha's Vineyard recently paid a $2.60 annual dividend on their common stock. This dividend increases at an average rate of 3.0 percent per year forever. The stock is currently selling for $60.10 a share. What is the market rate of return? (10 Points)

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