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The common stock of Fast Auto Delivery, Inc. currently sells for $28.16 per share. The stock is expected to pay a dividend of $1.35 next

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The common stock of Fast Auto Delivery, Inc. currently sells for $28.16 per share. The stock is expected to pay a dividend of $1.35 next year and the market expects the firm to grow by 3 percent annually. What is the required rate of return on Fast Auto Delivery Stock? 7.79% 7.94% 7.97% 7.42% 724%

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