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Question 36 6 pts You have a chance to buy some common stock that has paid the most recent dividend of $1.99 for a price
Question 36 6 pts You have a chance to buy some common stock that has paid the most recent dividend of $1.99 for a price of $70.00. You also know that the company has increased the growth rate of dividends by 8% each year for the pasts 17 years. If your required rate of return for you as a rational economic investor equals 11%, what rate of return will you realize if you buy the stock for a price of $70 per share? 22.07% 11.43% 12.34% 11.07%
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