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The common stock of a company selts for $80 a share. The stock is expected to pay $5.20 per share next year when the annual
The common stock of a company selts for $80 a share. The stock is expected to pay $5.20 per share next year when the annual dividend is distributed. The company has established a pattern of increasing its dividends by 6.5% annually and expects to continue doing so. What is the market rate of return on this stock? 12.00% 1250%6 130096 13.50% 1400%
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