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A company has a beta of 1.1. The risk free rate is 5.6%, and the equity risk premium is 6%. The companys current dividend is

A company has a beta of 1.1. The risk free rate is 5.6%, and the equity risk premium is 6%. The companys current dividend is $2.00. The current price of its stock is $40.

What is the companys required rate of return on equity?

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