Projected growth at a rate of dividends

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Digging Deep Company's common stock is currently selling for $117,96 per share. Next year, the company dividen is expected to be $12.06 per share. The projected growth at a rate of dividends for this stock is 5.55 percent per year. What rate of return does the invest expect to recieive on this stock if he or she purchase the stock today. Round the answer to two decimal places in percentage form.

Reference no: EM13971765

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