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The common stock of auto deliveries sells for $27.21 a share. The stock is expected to pay $1.80 per share next month when the annual
The common stock of auto deliveries sells for $27.21 a share. The stock is expected to pay $1.80 per share next month when the annual dividend is distributed. Auto deliveries has established a pattern of increasing its dividends by 4.6 percent annually and expects to continue doing so. What is the market rate of return on this stock? 13.52 % 6.62 % 15.82 % 8.92% 11.22%
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