Question: You are considering purchasing a stock that is expected to pay a dividend of $6 at the end of the year. The dividends for this

You are considering purchasing a stock that is expected to pay a dividend of $6 at the end of the year. The dividends for this firm are expected to grow at a constant rate of 5%. Based on the riskiness of the stock, you require a return of 9%. If you pay $66 for this stock today, what is your expected return?

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