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part a and b Homework: Chapter 8 Homework Save Score: 0 of 1 pt 7 of 7 (5 complete) HW Score: 45%, 9 of 20

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Homework: Chapter 8 Homework Save Score: 0 of 1 pt 7 of 7 (5 complete) HW Score: 45%, 9 of 20 pts Problem 8-32 (similar to) Question Help (Common stockholder expected return) If you purchased 100 shares of common stock that pays an end-of-year dividend of $3.75, what is your expected rate of return if you purchased the stock for $29.42 per share? Assume the stock is expected to have a constant growth rate of 8 percent. Your expected rate of return is %. (Round to two decimal places.)

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