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Assume ExxonMobil's price dropped to $32 overnight. new lower market price of S32? Given he dividend growth rate of oxonMobil o 7.00% and he last

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Assume ExxonMobil's price dropped to $32 overnight. new lower market price of S32? Given he dividend growth rate of oxonMobil o 7.00% and he last annua dividen o ST at s he pie re red te o retu n necessary s the What is the implied required rate of return necessary to justify the new lower market price of $32? % (Round to two decimal places.)

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