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10-04-2024
Business

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Bet'R Bilt Bikes just announced that their annual dividend for this coming year will be $2.42 a share and that all future dividends are expected to increase by 2.5 percent annually. What is the market rate of return if this stock is currently selling for $22 a share?
a) 9.5 percent
b) 11.0 percent
c) 12.5 percent
d) 13.5 percent
e) 15.0 percent

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