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Suppose you are considering buying a stock. The stock is currently trading for $ 4 5 . You expect the price in one year to

Suppose you are considering buying a stock. The stock is currently trading for $45. You expect the price in one year to be $48 and it will pay a dividend of $3. What is your expected rate of return if you were to buy the stock today, hold it for one year, receive the $3 dividend, and then immediately sell it for $48

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