Ivonne has bought shares of rio inc stock for 2500 per


Ivonne has bought shares of RIO, Inc. stock for $25.00 per share. She expects a 1.00 dividend at the end of this year.

After 2 years, she expects to receive a dividend of $3.28 and to sell the stock for $28.75. What is Ivonne's required rate of return?

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Financial Management: Ivonne has bought shares of rio inc stock for 2500 per
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