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CCR stock is crrently trading for $162.03 per share. The firm is expected to pay a dividend of $9.09 per share in one year and

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CCR stock is crrently trading for $162.03 per share. The firm is expected to pay a dividend of $9.09 per share in one year and to increase the dividend at 4.7% each year thereafter. Based on the Dividend Growth Model what the the annual required rate of return for CCR stock? Answer as a % to 2 decimal places (eg, 12.34% as 1234)

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