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An issue of common stock is selling for $57.10. The year-end dividend is expected to be $1.95, assuming a constant growth rate of 8%. What

An issue of common stock is selling for $57.10. The year-end dividend is expected to be $1.95, assuming a constant growth rate of 8%. What is the required rate of return? (Round your answer to 1 decimal place.)

Multiple Choice

  • 13.4

  • 11.4

  • 10.9

  • 11.9

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