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estion 4 3 p Last week, Welch Industries paid their annual dividend of $0.95 on their common stock. The company predicts that the dividend will

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estion 4 3 p Last week, Welch Industries paid their annual dividend of $0.95 on their common stock. The company predicts that the dividend will increase by 3.5% each year indefinitely What is the required rate of return on this stock if this stock is currently selling for $29 86 per share? Enter your answer as a decimal with a leading zero and 4 decimal places of precision

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