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As a financial analyst, you are conducting some research to estimate shareholder required returns for some of your company's client's stocks. One of those
As a financial analyst, you are conducting some research to estimate shareholder required returns for some of your company's client's stocks. One of those stocks has a dividend growing at about 1.6% each year. The most recent dividend was $2.33 and the current price is $30.36. What is a good estimate of the required return for investors who own this stock? Enter your response as a regular percentage rate, rounded to the nearest one decimal. Do not enter dollar signs, percent signs, or commas.
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