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You are considering the purchase of a stock with the following characteristics: the current price is $26 and you expect three annual dividends of $.40,

You are considering the purchase of a stock with the following characteristics: the current price is $26 and you expect three annual dividends of $.40, $.50 and $.60, and at the end of three years you anticipate the stock will sell for $35. What is the AYTM of the stock? 13% 12% 11% 10%

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