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You are evaluating Bank of America (BOA) stock.The stock paid a dividend at the end of last year of $ 4.80.Dividends have grown at a

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You are evaluating Bank of America (BOA) stock.The stock paid a dividend at the end of last year of $ 4.80.Dividends have grown at a constant rate of 1.75% per year over the last 15 years , and this constant growth rate is expected to continue into the future. The stock is currently selling at a price of $ 52 per share. The expected rate of return on the BOA stock is

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