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You are considering a stock that you expect to pay a dividend of $5.33 next year. You also expect that dividend to grow at
You are considering a stock that you expect to pay a dividend of $5.33 next year. You also expect that dividend to grow at 4.4% a year forever. If the stock is currently trading at $77.3, what rate of return would you expect to earn from purchasing the stock? (Enter your answer as a percent, e.g., if the answer is 5.3% enter 5.3, not 0.053)
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