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CONSTANT GROWTH VALUATION Harrison Clothiers stock currently sells for $17.00 a share. It just paid a dividend of $1.00 a share (that is, D0 =

CONSTANT GROWTH VALUATION Harrison Clothiers stock currently sells for $17.00 a share. It just paid a dividend of $1.00 a share (that is, D0 = $1.00). The dividend is expected to grow at a constant rate of 7% a year. What is the required rate of return? Round to TWO decimal place.

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