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Business, 11.05.2021 15:50 patriciaceaser2980

"The common stock of Eddie's Engines, Inc., sells for $44.78 a share. The stock is expected to pay a dividend of $3.20 per share next year. Eddie's has established a pattern of increasing their dividends by 5.3 percent annually and expects to continue doing so. What is the market rate of return on this stock?"

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