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ABC Ltd is expected to grow its annual dividend at a constant rate of 2 percent. If the company's next dividend is $1.00 and its

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ABC Ltd is expected to grow its annual dividend at a constant rate of 2 percent. If the company's next dividend is $1.00 and its current price is $31.76, what is the annual required rate of return on this share? (As a percentage to two decimal points; don't show the % sign eg 2.875% would be entered as 2.88.)

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