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(9 of 10) A stock is expected to pay a dividend of $3.00 next year. Dividends are expected to grow at an annual rate of

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(9 of 10) A stock is expected to pay a dividend of $3.00 next year. Dividends are expected to grow at an annual rate of 4%. What is the required rate of return on the stock if the current market price is $30.00? 0 14% 0 11.5% O 10% 09% 8.29%

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