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The common stock of Auto Deiveries sells for $32.6 a share. The last dividend that company paid on the stock is $1.463 per share. The

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The common stock of Auto Deiveries sells for $32.6 a share. The last dividend that company paid on the stock is $1.463 per share. The firm has established a pattem of increasing its dividends by 2.5 percent annually and expects to continue doing so. What is the market rate of retum on this stock? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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