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The Current Market Price of the Stock of a Company,Stryker

Question 48

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The current market price of the stock of a company,Stryker Ltd.is $30 per share.The dividends for the next year are expected to be $4.00 per share and the investor is confident that the selling price of the stock will be $35 at the end of one year.What is the implied rate of return assuming dividends are growing at a constant rate?

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