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You are considering the purchase of a stock with the following characteristics: the current price is $79 and you expect three annual dividends of $4.00,$4.40

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You are considering the purchase of a stock with the following characteristics: the current price is $79 and you expect three annual dividends of $4.00,$4.40 and $4.80, and at the end of three years you anticipate the stock will sell for $88. What is the AYTM of the stock? 9.0% 10.1% 10.8% 12.0%

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