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ABC Inc.'s stock is currently selling for $30.83 per share. The company just paid its first annual dividend of $1.7 a share. The firm plans

ABC Inc.'s stock is currently selling for $30.83 per share. The company just paid its first annual dividend of $1.7 a share. The firm plans to increase the dividend by 3.6 percent per year indefinitely. What is the required rate of return on equity?

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