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Question 22 (1 point) What is the expected rate of return for this non-constant growth stock? • You have evaluated this stock
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Answer #1

The answer is

a)12.1%

A price of $10.81 would provide a return of 12%

Hence, a lower price i.e. $10.69 will provide return slightly higher than 12%

All other options are below 12%

Hence, the answer is a

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