Question: Please show the math behind it, no excel please (Spoints) The common stock of Eddie's Engines, Inc. sells for $25.71 a share. The stock is

Please show the math behind it, no excel please

(Spoints) The common stock of Eddie's Engines, Inc. sells for $25.71 a share. The stock is expected to ay $1.80 per share one year from today when the annual dividend is distributed. Eddie's has established a pattern of increasing its dividends by 4% annually and expects to continue doing so. What is the market rate of return on this stock? (A) 11%

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