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The common stock of BJ auto clinic sells for $38.25 a share. The stock is expected to pay $1.90 per share next month when the
The common stock of BJ auto clinic sells for $38.25 a share. The stock is expected to pay $1.90 per share next month when the annual dividend is distributed. BJs has established a pattern of increasing their dividends by 2.5 percent annually and experts to continue doing so. What is the market rate of return on this stock?
a 4.41 percent
b 4.97 percent
c 7.38 percent
d 7.47 percent
e 7.59 percent
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