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A stock is expected to pay a dividend of $0.29 per share next quarter, and analysts expect it to remain constant forever. What is the

A stock is expected to pay a dividend of $0.29 per share next quarter, and analysts expect it to remain constant forever. What is the required return on the stock (stated as an APR) if analysts are currently valuing the stock at $8 per share?

Enter APR in decimal form, rounded to the 4th digit as in "0.1234"

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