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QUESTION
Jersey common stock paid $2.50 in dividends last year (D0). Dividends are expected to grow at a 10% annual rate forever.
Jersey common stock paid $2.50 in dividends last year (D0). Dividends are expected to grow at a 10% annual rate forever. If Jersey's current market price is $50, what is the stock's expected rate of return?Choose one answer. a. 12.3% b. 15.5% c. 13.76% d. 22%
