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Walter Utilities is a dividend - paying company and is expected to pay an annual dividend of $ 2 . 8 5 at the end

Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $2.85 at the end of the year. Its dividend is expected grow at a constant rate of 6.00% per year. If Walter's stock currently trades for $15.00 per share, what is the expected rate of return?
21.40%
25.00%
6.18%
7.33%
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