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Duke Energy has been paying dividends steadily for 20 years. During that time, dividends have grown at a compound annual rate of 8%. I Duke

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Duke Energy has been paying dividends steadily for 20 years. During that time, dividends have grown at a compound annual rate of 8%. I Duke Energy's current stock price is $74 and the firm plans to pay a dividend of $5.20 next year, what is the required return on Duke's common stock? The required return on Duke's common stock is % (Round to two decimal places)

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