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An issue of common stock is selling for $58.40. The year-end dividend is expected to be $2.95, assuming a constant growth rate of 5% What

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An issue of common stock is selling for $58.40. The year-end dividend is expected to be $2.95, assuming a constant growth rate of 5% What is the required rate of return? (Round your answer to 1 decimal place.) Multiple Choice 5.22 101 10.6 121 96

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