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ABC Limited will pay a $3.51 dividend next year (t=1) on its ordinary shares. The shares are currently selling at $51.22 per share. What is

ABC Limited will pay a $3.51 dividend next year (t=1) on its ordinary shares. The shares are currently selling at $51.22 per share. What is the market's required return on this investment if the dividend is expected to grow at 2% forever? (as a percentage to nearest two decimal places; don't use % sign)

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