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17. Implied Rate of Return Consider the following information on a company: Market value per share of stock $20 Dividend, this year $0.50 Estimated long-term

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17. Implied Rate of Return Consider the following information on a company: Market value per share of stock $20 Dividend, this year $0.50 Estimated long-term growth rate of dividends 5% The implied required rate of return on these shares is closest to: O 2.500% 5.000% 0 7.500% 7.625%

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