The common stock of Eddie’s Engines, Inc. sells for $38.03 a share. The stock is expected to pay $4…. Show more The common stock of Eddie’s Engines, Inc. sells for $38.03 a share. The stock is expected to pay $4.00 per share next year. Eddie’s has established a pattern of increasing their dividends by 6.1 percent annually and expects to continue doing so. What is the market rate of return on this stock? 7.16 percent 9.51 percent 10.52 percent 20.04 percent 16.62 percent • Show less