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California Fishing Company (CFC) is expected to pay a dividend next year of $50 per share.Future Dividends for CFC are expected to grow at a

California Fishing Company (CFC) is expected to pay a dividend next year of $50 per share.Future Dividends for CFC are expected to grow at a rate of 5% per year indefinitely. If an investor is currently willing to pay $500 each CFC share, what is the investor's required return for this investment?

Please show the calculations via excel.

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