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The common stock of Cranberry Inc. is selling for $37.69on the open market. Next year's dividend is expected to be $4.74, and the growth rate
The common stock of Cranberry Inc. is selling for $37.69on the open market. Next year's dividend is expected to be $4.74, and the growth rate of this company is estimated to be 6%. If Richard Dean, an average investor, is considering purchasing this stock at the market price, what is his expected rate of return?
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