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Assume ExxonMobil's price dropped to $31 overnight. Given the dividend growth rate of ExxonMobil of 8.00% and the last annual dividend of $1.65, what is

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Assume ExxonMobil's price dropped to $31 overnight. Given the dividend growth rate of ExxonMobil of 8.00% and the last annual dividend of $1.65, what is the implied required rate of return necessary to justify the new lower market price of $31? What is the implied required rate of return necessary to justify the new lower market price of $31

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