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Arcadla Bluffs is expected to maintain a constant 1 . 5 percent growth rate in its dividends indefinitely. If the company has a dividend yield

Arcadla Bluffs is expected to maintain a constant 1.5 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 3.6 percent, what is the required return on the company's stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Multiple Choice
6.20%
Cannot determine
2.10%
5.10%
1.50%
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