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Bitter Corp. is selling for $9.25 per share and recently paid a $2.62 dividend. If dividends for Bitter are expected to grow at 2.76% for

Bitter Corp. is selling for $9.25 per share and recently paid a $2.62 dividend. If dividends for Bitter are expected to grow at 2.76% for the foreseeable future, what is their required return? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations).

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