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You are considering the purchase of a stock with the following characteristics: the current price is $66 and you expect three annual dividends of $3.40,
You are considering the purchase of a stock with the following characteristics: the current price is $66 and you expect three annual dividends of $3.40, $3.60 and $3.80, and at the end of three years you anticipate the stock will sell for $78. What is the AYTM of the stock?
Group of answer choices
8.8%
9.4%
10.9%
11.6%
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