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National Telephone and Telegraph (NTT) Company common stock currently sells for $60 per share. NTT is expected to pay a $4 dividend during the coming

National Telephone and Telegraph (NTT) Company common stock currently sells for $60 per share. NTT is expected to pay a $4 dividend during the coming year and the price of the stock is expected to increase to $65 a year from now. Determine the expected (ex ante) percentage holding period return on NTT common stock

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