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Tim Burr Wolff believes that Builtrite will pay the following dividends over the next 3 years: $3.30, $3.50 and $3.70. The current stock price is
Tim Burr Wolff believes that Builtrite will pay the following dividends over the next 3 years: $3.30, $3.50 and $3.70. The current stock price is $49 and it is expected to sell at $61 by the end of the three years. Tim's required rate of return is 12%. What is the AYTM for Builtrite stock? 14.2% 15.2% 16.6% 21.7%
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