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You buy today a stock at $50 per share. This stock will pay you a $4 dividend per share for the next 4 years. At

You buy today a stock at $50 per share. This stock will pay you a $4 dividend per share for the next 4 years. At the end of four years (immediately after the fourth dividend payment), you will sell your stock at $70 per share. What annual rate of return will you earn?

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