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Posted on Jul 27, 2024

Shares of Pablo Rada, Inc. sell for $37.13 each. The company will pay a $3.10 dividend (per share) next year and investors expect Pabla Rada

Shares of Pablo Rada, Inc. sell for $37.13 each. The company will pay a $3.10 dividend (per share) next year and investors expect Pabla Rada will increase this dividend by 5.2 percent annually in perpetuity. What is the rate of return on this stock?

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