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The common stock of Fine China sells for $38.42 a share. The stock is expected to pay an annual dividend of $1.80 next year and

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The common stock of Fine China sells for $38.42 a share. The stock is expected to pay an annual dividend of $1.80 next year and increase that amount by 4 percent annually thereafter. What is the market rate of return on this stock? o 8.36% 8.69% o 9.04% o 9.22% O 9.13%

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