Question: You are considering purchasing a common stock that is currently selling for $96.27. Recently, the firm reported EPS of $4.63. You expect EPS to

You are considering purchasing a common stock that is currently selling for $96.27. Recently, the firm

You are considering purchasing a common stock that is currently selling for $96.27. Recently, the firm reported EPS of $4.63. You expect EPS to grow at an annual rate of 3.75% into the future. Based on this assumption, estimate the return on the stock at the current price.

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