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The common stock of Eddie's Engines, Inc. sells for $25.71 a share. The stock is expected to pay $1.80 per share next month when the

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The common stock of Eddie's Engines, Inc. sells for $25.71 a share. The stock is expected to pay $1.80 per share next month when the annual dividend is distributed. Eddie's has established a pattern of increasing their dividends by 4 percent annually and expects to continue doing so. What is the market rate of return on this stock? (TIP: Use Constant growth model to solve it) A. 7 percent B.9 percent C.11 percent percent O E 15 percent OD.13

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