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The ordinary shares of BATMAN PLC are selling for $26.75 on the open market. A dividend of $3.68 is expected to be distributed, and the

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The ordinary shares of BATMAN PLC are selling for $26.75 on the open market. A dividend of $3.68 is expected to be distributed, and the growth rate of this company is estimated to be 5.5 %. If Bruce Wayne, an average investor, is considering purchasing this share at the market price, what is his expected rate of return? If a sum of money invested in a bank account doubles in 24 years, then the interest rate must be approximately 3% per annum. Dla) True (6) False

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