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Suppose that the dividend from one share of Apple stock was 1 dollar over the past year. Apple is priced at $138. If you believe

Suppose that the dividend from one share of Apple stock was 1 dollar over the past year. Apple is priced at $138. If you believe that Apples dividend growth rate will be 5% per annum on average for the foreseeable future, what rate of return do investors expect to earn from investing in Apple stock?

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