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An issue of common stock is selling for $58.00. The year-end dividend is expected to be $2.45, assuming a constant growth rate of 5%. What

An issue of common stock is selling for $58.00. The year-end dividend is expected to be $2.45, assuming a constant growth rate of 5%. What is the required rate of return? (Round your answer to 1 decimal place.)

Multiple Choice

  • 9.7

  • 11.2

  • 9.2

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