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You intend to buy Berrymore Inc.s common stock at $100 per share, hold it one year and sell after that. The firm paid a $5
You intend to buy Berrymore Inc.s common stock at $100 per share, hold it one year and sell after that. The firm paid a $5 per share dividend last year and its dividends are expected to grow at an annual rate of 7% for indefinite number of years. If you can sell the stock at $110, what is your expected rate of return?
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