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An issue of common stock is selling for $57.90. The year-end dividend is expected to be $2.55, assuming a constant growth rate of 8%. What

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An issue of common stock is selling for $57.90. The year-end dividend is expected to be $2.55, assuming a constant growth rate of 8%. What is the required rate of return? (Round your answer to 1 decimal place.) Multiple Choice 12.4 O 11.9 14.4

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