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please show all work thank you. PP Inc. has its stock selling at $42.50 per share. Dividend in next year will be $1.75, and will

please show all work thank you. image text in transcribed
PP Inc. has its stock selling at $42.50 per share. Dividend in next year will be $1.75, and will grow at 7% annually continually. Given this information, find the rate of return on this stock. (You must show your work to earn credit.)

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