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Problem 11-04 TSC, Inc. sells for $26 and pays an annual per share dividend of $1.20, which you expect to grow at 6 percent. What

Problem 11-04

TSC, Inc. sells for $26 and pays an annual per share dividend of $1.20, which you expect to grow at 6 percent.

What is your expected return on this stock? Round your answer to the two decimal places.

%

What would be the expected return if the price were $38 a share? Round your answer to the two decimal places.

%

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