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The common stock of Pizza Deliveries sells for $24.56 a share. The stock is expected to pay $1.45 per share next year when the annual
The common stock of Pizza Deliveries sells for $24.56 a share. The stock is expected to pay $1.45 per share next year when the annual dividend is distributed. The firm has established a pattern of increasing its dividends by 4 percent annually and expects to continue doing so. What is the market rate of return on this stock?
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