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A firms earnings per share is $5.97. It just paid a dividend of $2.50, and expects its next dividend to be $3.21. Its shares are
A firms earnings per share is $5.97. It just paid a dividend of $2.50, and expects its next dividend to be $3.21. Its shares are currently priced at $30.69. If the firms ROE is 8.67%, what is the required rate of return on the stock?
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