Question: Please show work. 37. A stock is expected to pay a dividend of $1 per share next year, $1.10 per share in the following year,

Please show work.

Please show work. 37. A stock is expected to pay a dividend

37. A stock is expected to pay a dividend of $1 per share next year, $1.10 per share in the following year, S1.20 in the subsequent 12 years, and then be sold for $15 in 12 years. Compute the interest rate or expected return on this stock. 37. A stock is expected to pay a dividend of $1 per share next year, $1.10 per share in the following year, S1.20 in the subsequent 12 years, and then be sold for $15 in 12 years. Compute the interest rate or expected return on this stock

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