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The share price for SHP Inc. last year was $48 and its dividend yield was 4.5%. Today its share price has dropped to $46. What

The share price for SHP Inc. last year was $48 and its dividend yield was 4.5%. Today its share price has dropped to $46. What return can be expected for the firm to maintain a constant dividend growth rate of 3%?

a. 4.17% b. 9.13% c. 7.70% d. 7.84% e. 1.58%

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