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The common stock of Ocean Ships sells for $62 a share. The stock is expected to pay $1.8 per share next year when the annual

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The common stock of Ocean Ships sells for $62 a share. The stock is expected to pay $1.8 per share next year when the annual dividend is distributed. The company increases its dividends by 3.5 percent annually. What is the market rate of return on this stock? 6.00 percent 9.92 percent 7.28 percent 6.40 percent 6.14 percent

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