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An issue of common stock is selling for $58.50. The year end dividend is expected to be $2.05 assuming a constant growth rate of 5%.

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An issue of common stock is selling for $58.50. The year end dividend is expected to be $2.05 assuming a constant growth rate of 5%. what is the required rate of return? (Round your answer to 1 decimal place.) O 8.0 O 9.0 O 10.5 O 8.5

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