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A reputable software companys common shares are selling for $55. They are expected to pay a quarterly dividend of $1.50 per share and dividends should

A reputable software companys common shares are selling for $55. They are expected to pay a quarterly dividend of $1.50 per share and dividends should grow at a rate of 6% annually. What is your required rate of return on investment on these common shares? [Show detailed calculation with formula]

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