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1. The next dividend payment by Hot Wings, Inc., will be $4.75 per share. The dividends are anticipated to maintain a 4 percent growth rate
1.
The next dividend payment by Hot Wings, Inc., will be $4.75 per share. The dividends are anticipated to maintain a 4 percent growth rate forever. |
Required: |
If the stock currently sells for $54 per share, what is the required return? |
12.16%
12.80%
8.80%
12.54%
4.00%
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