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ABC limited will pay a $2.62 dividend next year (t=1) on its ordinary shares. The shares are currently selling at $22.86 per share. What is
ABC limited will pay a $2.62 dividend next year (t=1) on its ordinary shares. The shares are currently selling at $22.86 per share. What is the market required return on this investment if the dividend is expected to grow at 4% forever? (as a percentage to nearest two decimal places; don't use percentage sign).
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