What is your expected rate of return

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Reference no: EM131602638

The common stock of Martin Co. is selling for $35.26 per share. The stock recently paid dividends of $1.50 per share and has a projected constant growth rate of 11.1 percent. If you purchase the stock at the market price, what is your expected rate of return?

Your expected rate of return is ___ %. (Round to two decimal places.)

Reference no: EM131602638

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