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A firm pays a $3.80 dividend at the end of year one (o,), has a stock price of $96, and a constant growth rate

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A firm pays a $3.80 dividend at the end of year one (o,), has a stock price of $96, and a constant growth rate (g) of 4 percent Compute the required rate of return (Ke). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Rate of return %

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