Question: need help on this question. Question 2 (1 point) ABC Inc.'s common stock just paid a dividend of $2.53 per share. The dividends are paid

need help on this question. need help on this question. Question 2 (1 point) ABC Inc.'s common

Question 2 (1 point) ABC Inc.'s common stock just paid a dividend of $2.53 per share. The dividends are paid annually. The dividend is expected to increase by 6.07% per year. The price of ABC common stock is $67.67. What is the effective annual rate of return? Your answer should be shown as a percentage and it should be accurate to two decimal places

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