Question: Expected Return Circuit City Stores (CC) recently paid a $.26 dividend. The dividend is expected to grow at a 24.00 percent rate. At the current

Expected ReturnCircuit City Stores (CC) recently paid a $.26 dividend. The dividend is expected to grow at a 24.00 percent rate. At the current stock price of $8.96, what is the return shareholders are expecting?

24.00%

27.60%

2.90%

24.03%

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