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QUESTION
The common stock of Auto Deliveries sells for $25.71 a share. The stock is expected to pay $2.10 per share next month when the annual dividend is...
The common stock of Auto Deliveries sells for $25.71 a share. The stock is expected to pay $2.10 per share next month when the annual dividend is distributed. Auto Deliveries has established a pattern of increasing its dividends by 4.2 percent annually and expects to continue doing so. What is the market rate of return on this stock?
