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Check 1 A firm pays a current dividend $2, which is expected to grow at a rate of 8% indefinitely. If the current value of

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Check 1 A firm pays a current dividend $2, which is expected to grow at a rate of 8% indefinitely. If the current value of the firm's shares is $54, what is the required return applicable to the investment based on the constant-growth dividend discount model (DDM)? (Do not round Intermediate calculations.) 166 points Required rate of return % eBook

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