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McCarty Corporation recently paid an annual dividend of $ 2 . 6 2 on its common stock. This dividend increases at an average rate of

McCarty Corporation recently paid an annual dividend of $2.62 on its common stock. This dividend increases at an average rate of 3.8 percent per year. The stock is currently selling for $28.12 per share. What is the market rate of return?
Multiple Choice
13.47%
14.07%
13.88%
14.37%
14.21%

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