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QUESTION
Expected Return Circuit City Stores (CC) recently paid a $.35 dividend. The dividend is expected to grow at a 24.90 percent rate. At the current...
Expected Return Circuit City Stores (CC) recently paid a $.35 dividend. The dividend is expected to grow at a 24.90 percent rate. At the current stock price of $9.86, what is the return shareholders are expecting?
a. 24.94%
b. 29.33%
c. 24.90%
d. 3.55%
