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World Tobacco Company just paid a dividend of $6 per share out of earnings of $8 per share. If the book value per share is

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World Tobacco Company just paid a dividend of $6 per share out of earnings of $8 per share. If the book value per share is $40, and its market price is $31.50 per share, calculate the required rate of return on the stock 34,05%. 24.05% 36,90%. 25.00%

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