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Stratford Corporations current stock price is $40.00 and the projected constant growth rate is 8 percent. If the most recent dividend paid was $3.50, what
Stratford Corporations current stock price is $40.00 and the projected constant growth rate is 8 percent. If the most recent dividend paid was $3.50, what is the expected rate of return on this firms stock?
Group of answer choices
15.7%
20.6%
18.8%
17.5%
21.9%
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