According to the value Line Investment Survey, the growth rate in dividends for JCPenney for the previous 10 years has been €“ 10 percent. If investors feel this growth rate will continue, what is the required return for JCPenney stock? Does this number make sense? What

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52-Week Price 28.84 acledeGrp 1.42 3.9 DukeEngy 1.28 37.51 32. 12 26.09 94.05 72.73BM 1.20 82.49 33.35 16 17 16 15 36.64 31.61 91.52 79.60 ク? 0.58 0.39 0.17 1.53 0.38 4.0 1.3 52.64 PenneyJC 72 26.22 TootsieRoll 32 1.0