(Answered) The common stock of auto deliveries sells for 2646 a share

Finance

The common stock of Auto Deliveries sells for $26.46 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 4.8 percent annually and expects to continue doing so. What is the market rate of return on this stock?

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