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A firm pays a current dividend of $2, which is expected to grow at a rate of 6% indefinitely, if the current value of the

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A firm pays a current dividend of $2, which is expected to grow at a rate of 6% indefinitely, if the current value of the firm's shares is $53, what is the required return applicable to the investment based on the constant-growth dividend discount model (DOM)? (Do not round intermediate calculations.) Required rate of return

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