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Steady As She Goes, Inc, will pay a year-end dividend of $2.5 per share. Investors expect the dividend to grow at a rate of 5.5

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Steady As She Goes, Inc, will pay a year-end dividend of $2.5 per share. Investors expect the dividend to grow at a rate of 5.5 percent indefinitely. a. If the stock currently sells for $35 per share, what is the expected rate of return on the stock? (Round your answer to 2 decimal places.)

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