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This morning, you purchased a stock that will pay an annual dividend of $1.90 per share next year. You require a 12 percent rate of
This morning, you purchased a stock that will pay an annual dividend of $1.90 per share next year. You require a 12 percent rate of return and the annual dividend increases at 3.5 percent annually. What will your capital gain be on this stock if you sell it three years from now?
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