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An issue of common stock is selling for $56.90. The year end dividend is expected to be $2.35 assuming a constant growth rate of 9%,

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An issue of common stock is selling for $56.90. The year end dividend is expected to be $2.35 assuming a constant growth rate of 9%, what is the required rate of return? (Round your answer to 1 decimal place.) 12.6 O 151 13.6 O 131

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