The market rate of return for this type of security

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Upper crust bakers just paid on annual dividend of $3.10 a share and is expected to increase that amount by 4% per year. If you are planning to buy 1,000 shares of stock 2 years from today, how muchs hould you expect to pay per share if the market rate of return for this type of security is 12% at the time of your purchase?

Reference no: EM131551367

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