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A firm pays a $7.80 divided at the end of year one(D1).has a stock price of $61, and a constant growth rate (g) of 5

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A firm pays a $7.80 divided at the end of year one(D1).has a stock price of $61, and a constant growth rate (g) of 5 percent Compute the required rate of return (k e)(do not round intermediate calculations . Input your answer as a percent rounded to 2 decimal places. EBook& Resources eBook valuation of common stock

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