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Problem 16-03 A stock costs $60 and pays a $4 annual dividend. If you expect to sell the stock after nine years for $80, what

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Problem 16-03 A stock costs $60 and pays a $4 annual dividend. If you expect to sell the stock after nine years for $80, what is your anticipated return on the investment? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number. %

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