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Citigroup currently pays a dividend of $1.22, which is expected to grow indefinitely at 4%. If the current value of Citi's shares based on the
Citigroup currently pays a dividend of $1.22, which is expected to grow indefinitely at 4%. If the current value of Citi's shares based on the constant-growth dividend discount model is $32.03, what is the required rate of return?
Group of answer choices
9.00%
9.51%
7.96%
8.54%
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