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Carlson Enterprises' common stock dividend is expected to grow at 5% per year. The dividend recently paid was $ 0.28 per share, and the required

Carlson Enterprises' common stock dividend is expected to grow at 5% per year. The dividend recently paid was $ 0.28 per share, and the required return is 9 %

b. If the value of a common stock was $93 per share and dividends were recently$2.59, but expected to grow at 4% per year, what would be the required rate ofreturn?

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