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Chemco Inc.'s common shares are selling for $90.91 per share and Chemco is expected to pay $1.55 per share in dividends at the end of

Chemco Inc.'s common shares are selling for $90.91 per share and Chemco is expected to pay $1.55 per share in dividends at the end of the next year. The growth rate in dividends is expected to be constant at 4% per year for the foreseeable future. Calculate the required rate of return?

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