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1. The common stock of Auto Deliveries sells for $26.21 a share. The stock is expected to pay $1.80 per share next month when the annual dividend is distributed. Auto Deliveries has established a pattern of increasing its dividends by 5.0 percent annually and expects to continue doing so. What is the market rate of return on this stock?

2. Why do we need to include convexity into duration equation?

3. Discuss how microfinance affects households.

Financial Management, Finance

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