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Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $0.65 at the end of the year. Its dividend is
Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $0.65 at the end of the year. Its dividend is expected to grow at a constant rate of 7.50% per year. If Walters stock currently trades for $21.50 per share, then the expected rate of return on the stock is
7.36%
13.68%
8.94%
10.52%
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