The common stock of martin co is selling for 3526 per share, Financial Management

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The common stock of martin co is selling for 3526 per share

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.)

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Financial Management: The common stock of martin co is selling for 3526 per share

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