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MC Qu. 64 The common stock of Auto Deliveries sells for... 22 The common stock of Auto Deliveries sells for $27.71 a share. The stock

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MC Qu. 64 The common stock of Auto Deliveries sells for... 22 The common stock of Auto Deliveries sells for $27.71 a share. The stock is expected to pay $2.10 per share next month when the annual dividend is distributed. Auto Deliveries has established a pattern of increasing its dividends by 4.2 percent annually and expects to continue doing so. What is the market rate of return on this stock? 1 points Multiple Choice References 11.78 percent 9.68 percent O 15.98 percent O 13.88 percent O 7.58 percent

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