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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
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13.4
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11.4
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10.9
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11.9
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