Question: A Moving to another question will save this response. Question 12 of 16 > >> Question 12 10 points Save Answer The Company expects to

A Moving to another question will save this response. Question 12

A Moving to another question will save this response. Question 12 of 16 > >> Question 12 10 points Save Answer The Company expects to announce their annual dividend of $ 1.31 next year and promises to increase its dividends at 9.25 % perpetually. Even though you believe the required return on the stock is 14.00 % due to market conditions, you must purchase the stock for $6 above the intrinsic value today. At this higher purchase price, what is your expected rate of return? 13.95% O 12.61% 11.62% 8.1596 13.15%

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