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Northern Gas recently paid a $2.80 annual dividend on its common stock. This dividend increases at an average rate of 3.8 percent per year. The stock is currently selling for $26.91 a share. What is the market rate of return?

A. 13.88 percent

B. 14.03 percent

C. 14.21 percent

D. 14.37 percent

E. 14.60 percent

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