Problem 11-04 TSC, Inc. sells for $26 and pays an annual per-share dividend of $2.30, which you expect to grow at 7 perc

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answerhappygod
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Problem 11-04 TSC, Inc. sells for $26 and pays an annual per-share dividend of $2.30, which you expect to grow at 7 perc

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Problem 11-04
TSC, Inc. sells for $26 and pays an annual per-share dividend of
$2.30, which you expect to grow at 7 percent. What is your expected
return on this stock? Round your answer to the two decimal
places.
%
What would be the expected return if the price were $37 a share?
Round your answer to the two decimal places.
%
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