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17. XYZ, Inc. just paid a dividend of $3 per share. The industry analysts predict that XYZ's dividends will grow at a constant rate of

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17. XYZ, Inc. just paid a dividend of $3 per share. The industry analysts predict that XYZ's dividends will grow at a constant rate of 4% forever. If the stock is currently trading at $25 per share, what is the required rate of return on this stock? a. 8.48% b. 12.00% c. 12.48% d. 15.00% e. 15.48%

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