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As a stock analyst Mooch covers the common stock of GE , which sells for $ 1 1 per share and just paid a dividend

As a stock analyst Mooch covers the common stock of GE, which sells for $11 per share and just paid a dividend of $.52. The best estimate Mooch can come up is that the next two dividends for GE will be $.55 and then $.605, with steady state annual growth rate of 10 percent thereafter. What required return per year for the common stock of GE must be?

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