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Find the expected rate of return on the BOA stock

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Reference no: EM132899656

Problem - By You are evaluating Bank of America (BOA) stock. The stock paid a dividend at the end of last year of $4.80. Dividends have grown at a constant rate of 1.75% per year over the last 15 years, and this constant growth rate is expected to continue into the future. The stock is currently selling at a price of $52 per share. Find the expected rate of return on the BOA stock?

Reference no: EM132899656

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