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The common stock of Dayton Repair sells for $48 a share. The stock is expected to pay $5 per share next year when the annual

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The common stock of Dayton Repair sells for $48 a share. The stock is expected to pay $5 per share next year when the annual dividend is distributed. The company increases its dividends by 5 percent annually. What is the market rate of return on this stock? 6.40% 8.07% 12.07% 14.42% 15.42%

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