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Assume? ExxonMobil's price dropped to ?$35 overnight. Given the dividend growth rate of ExxonMobil of 5.00?% and the last annual dividend of ?$1.30?, what is

Assume? ExxonMobil's price dropped to ?$35 overnight. Given the dividend growth rate of ExxonMobil of 5.00?% and the last annual dividend of ?$1.30?, what is the implied required rate of return necessary to justify the new lower market price of $ 35??

What is the implied required rate of return necessary to justify the new lower market price of $ 35?? nothing?% ?(Round to two decimal? places.)

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