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#29 The market price of a stock is $28.19 and it is expected to pay a $4.31 dividend next year. The dividend is expected to

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#29 The market price of a stock is $28.19 and it is expected to pay a $4.31 dividend next year. The dividend is expected to grow at 4 85% forever. What is the required rate of return for the stock? Submit Answer format: Percentage Round to: O decimal places (Example 9%, % sign required Will accept decimal format rounded to 2 decimal places (ex0.09))

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