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The common stock of Direct Auto sells for $48.50 per share. The stock is expected to pay $2.48 per share next year when the annual
The common stock of Direct Auto sells for $48.50 per share. The stock is expected to pay $2.48 per share next year when the annual dividend is distributed. The company increases its dividends by 1.65 percent annually. What is the market rate of return on this stock? 5.84% 6.41% 6.76% 6.14% None of these answers are correct
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