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A common stock will pay a $ 4 . 0 0 dividend, expected to grow at 2 . 5 % . If an investor pays

A common stock will pay a $4.00 dividend, expected to grow at 2.5%. If an investor pays $45 for the stock, what is the implied required return?
11.39%
11.18%
10.84%
10.10%
none of these
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