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Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $2.45 at the end of the year. Its dividend is

image text in transcribed Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $2.45 at the end of the year. Its dividend is expected to grow at a constant rate of 8.50% per year. If Walter's stock currently trades for $28.00 per share, then the expected rate of return on the stock is Walter's dividend is expected to grow at a constant growth rate of 8.50% per year. What do you expect to happen to Walter's expected dividend yiel in the future? It will increase. It will stay the same. It will decrease

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