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Assume ExxonMobil's price dropped to $39 overnight. Given the dividend growth rate of ExxonMobil of 6.00 % and the last annual dividend of $1.30, what

Assume ExxonMobil's price dropped to $39 overnight. Given the dividend growth rate of ExxonMobil of 6.00 % 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 $39?

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