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Assume ExxonMobils price dropped to $30 overnight. Given the dividend growth rate of ExxonMobil of 7.00% and the last annual dividend of $1.85, what is

Assume ExxonMobils price dropped to $30 overnight. Given the dividend growth rate of ExxonMobil of 7.00% and the last annual dividend of $1.85, what is the implied required of ratum necessary to justify the new lower market price of $307 What is the implied required rate of retum necessary to justify the new lower market price of $307 % (Round to two decimal places.)

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