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A corporation just paid a dividend of $1.25 per share on its stock. Dividends are expected to grow at a constant rate of 3% per

A corporation just paid a dividend of $1.25 per share on its stock. Dividends are expected to grow at a constant rate of 3% per year forever. If the stock currently sells for $23 per share, what is the required return?

5.43% 5.60% 8.60% 8.43%

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