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7.00 points The next dividend payment by ECY, Inc, wil be $2.04 per share. The dividends are anticipated to maintain a growth rate of 7

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7.00 points The next dividend payment by ECY, Inc, wil be $2.04 per share. The dividends are anticipated to maintain a growth rate of 7 percent, forever The stock currently sells for $41 per share What is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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