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XYZ, Inc. is expected to pay a dividend of $3 which is expected to grow at a constant annual rate of 1%. What is the

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XYZ, Inc. is expected to pay a dividend of $3 which is expected to grow at a constant annual rate of 1%. What is the expected rate of return on this stock if it currenthy sells at \$77 per share? Show your answer in percent to one decimal. Your

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