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The common stock of Auto Deliveries sells for $26.46 a share. The stock is expected to pay $2.00 per share next month when the annual

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The common stock of Auto Deliveries sells for $26.46 a share. The stock is expected to pay $2.00 per share next month when the annual dividend as distributed. Auto has established a pattern of increasing its dividends by 50 percent annually and expects to continue doing so. What is the market rate of return on this stock? 10.06 percent 12 56 percent 7.56 percent 15 06 percent 17.56 percent

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