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MECCS Inc. expects to pay a $5.78 per share one year from today. This dividend is expected to increase at a rate of 4.92 percent

MECCS Inc. expects to pay a $5.78 per share one year from today. This dividend is expected to increase at a rate of 4.92 percent per year and the stock currently sells for $71.50 a share. What is the stock's expected rate of return?

Group of answer choices

15 percent

11 percent

13 percent

17 percent

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