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An issue of common stock is selling for $57.70. The year-end dividend is expected to be $2.55, assuming a constant growth rate of 10%. What

An issue of common stock is selling for $57.70. The year-end dividend is expected to be $2.55, assuming a constant growth rate of 10%. What is the required rate of return?

Note: Round your answer to 1 decimal place.

Multiple Choice

13.9

14.4

16.4

14.9

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