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XYZ Corps common stock can be purchased today for $32.25. It is expected to pay $4.25 in dividends next year. You can sell the stock

XYZ Corps common stock can be purchased today for $32.25. It is expected to pay $4.25 in dividends next year. You can sell the stock for $38.50 right after receiving the dividend next year. What is the expected return if you purchase the stock today? (Choose the nearest number) a. 11% b. 13% c. 19% d. 33% using finance calculator or reg calculator

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