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Apple Pie stocks sell for $42.25 a share. The atock is expected to pay $0.75 per share next month when the annual dividend is distributed.

Apple Pie stocks sell for $42.25 a share. The atock is expected to pay $0.75 per share next month when the annual dividend is distributed. The dividends grow at 4% annually. What is the required rate of return on this atock?

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