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35. You observe a stock price of $18.90. You expect a dividend growth rate of 5.07 percent, and the firm had just paid a dividend
35. You observe a stock price of $18.90. You expect a dividend growth rate of 5.07 percent, and the firm had just paid a dividend of $1.26 per share. What is the required rate of return on (Do NOT include the \% sign. Enter your answer as a percent rounded to 2 decimal places, e.g. 12.13)
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