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You buy a share of The todwig Corporation stock for $22.20. You expect it to pay dividends of $1.06,51.1491, and 51.2226 in Years 1,2 ,

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You buy a share of The todwig Corporation stock for $22.20. You expect it to pay dividends of $1.06,51.1491, and 51.2226 in Years 1,2 , and 3 , respectively, and you expect to sell it at a price of $26.74 ot the end of 3 years. a. Calculate the growth rate in dividends, Round your answer to two decimal places. b. Calculate the expected dividend vield. Round vour answor to two decimal places. C. Assuming that the calculated growth rate is expected to continue, you can add the dividend yeld to the expected growth rate to obtain the expected total rate of return. What is this stock's expected total rate of return? (Assume the market is in equilibrium with the required return equal to the expected return.) Do not round intermediate calculations. Rlound your answer to two decimal places

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