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A company is planning to pay dividend of $5.25 in the upcoming year and anticipates growing its dividend at a rate of 5.3% per year

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A company is planning to pay dividend of $5.25 in the upcoming year and anticipates growing its dividend at a rate of 5.3% per year indefinitely. Currently the company has a stock price of $45. What is the required return by shareholders (in percent)? O 16.97% O 15.58% O 16.1296 0 14.09% 17.59% O 14.92% O 15.17%

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