H)J.Corp.common stock paid $2.50 in dividends last year (D₀).Dividends are expected to grow at a 12-percent annual rate forever.If H.J.'s current market price is $40.00,what is the stock's expected rate of return (nearest .01 percent)?

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The Answer of H)J.Corp.common stock paid $2.50 in dividends last year (D₀).Dividends are expected to grow at a 12-percent annual rate forever.If H.J.'s current market price is $40.00,what is the stock's expected rate of return (nearest .01 percent)?

H)JCorpCommon Stock Paid $2