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Determine the required rate of return for Johnson and Johnson, assuming the geometric growth rate was 13.04% for the period 2001-2010, its trading price

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Determine the required rate of return for Johnson and Johnson, assuming the geometric growth rate was 13.04% for the period 2001-2010, its trading price on January 14, 2011 was $62.55, and the dividend for 2010 was $2.110. What is the required rate of return for Johnson and Johnson? % (Round to two decimal places.)

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