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. (Preferred Stockholder Expected Return) The common stock of Zaldi Co. is selling for $32.84 per share. The stock recently pid dividends of $2.94 per

. (Preferred Stockholder Expected Return) The common stock of Zaldi Co. is selling for $32.84 per share. The stock recently pid dividends of $2.94 per share and has a projected constant growth rate of 9.5 percent. If you purchase the stock at the market price, what is your expected rate of return?

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