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Biddle Corporation is currently priced at $2.00 per share. Biddle is expected to pay a dividend of $0.10 one year from now. Biddle will pay

Biddle Corporation is currently priced at $2.00 per share. Biddle is expected to pay a dividend of $0.10 one year from now. Biddle will pay annual dividends thereafter and they are expected to grow at 5% per annum. Assuming Biddle is fairly priced, what is the required rate of return to investing in Biddle stock?

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