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A firm's next expected, yearly dividend is $6.38. Its expected growth rate is 8.94% per year, and its stock is selling for $45.23 per
A firm's next expected, yearly dividend is $6.38. Its expected growth rate is 8.94% per year, and its stock is selling for $45.23 per share. What is the required rate of return (cost of equity) for the stock? Do not round any intermediate calculations. Report it as a whole number and round your answer to two decimal points. For example, if your answer is 17.857321%, you would type in 17.86 as your answer.
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