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The common stock of Shepard Auto sells for $ 4 7 . 9 2 per share. The stock is expected to pay $ 2 .

The common stock of Shepard Auto sells for $47.92 per share. The stock is expected to pay $2.28 per share next year when the annual lividend is distributed. The company increases its dividends by 1.65 percent annually. What is the market rate of return on this stock?

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