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please show work Southern Markets recently paid an annual dividend of $1.21 on its common stock. This dividend increases at an average rate of 2.9
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Southern Markets recently paid an annual dividend of $1.21 on its common stock. This dividend increases at an average rate of 2.9 percent per year. The stock is currently selling for $20.33a share. What is the market rate of return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Step by Step Solution
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