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

Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $2.25 at the end of the year. Its dividend is expected to grow at a constant rate of 6.50% per year. If Walters stock currently trades for $20.00 per share, what is the expected rate of return

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