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A firm pays a $5.80 dividend at the end of year one (01), has a stock price of $103, and a constant growth rate (9)

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A firm pays a $5.80 dividend at the end of year one (01), has a stock price of $103, and a constant growth rate (9) of 4 percent. Compute the required rate of return (Kel. (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Rate of return %

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