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Question : Crandle's common stock currently selling for $79.00. It just paid

Crandle's common stock is currently selling for $79.00. It just paid a dividend of $4.60 and dividends are expected to grow at a rate of 5% indefinitely. What is the expected rate of return on Crandle's stock? A. 11.11% B.14.21% C. 12.2% D. 11.76%

 

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