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Ex 5) A stock is selling for $40 per share currently. The next dividend will be $1 per share, and will grow at 12% per

Ex 5) A stock is selling for $40 per share currently. The next dividend will be $1 per share, and will grow at 12% per year forever. What is the rate of return required by investors? Answer: 14.5% I just need the timeline and equation set up for this problem.

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