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Problem 11-04 TSC, Inc. sells for $29 and pays an annual per share dividend of $2.40, which you expect to grow at 9 percent. What

Problem 11-04 TSC, Inc. sells for $29 and pays an annual per share dividend of $2.40, which you expect to grow at 9 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 $36 a share? Round your answer to the two decimal places. %

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