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Winter Time Adventures is going to pay an annual dividend of S2_ 52 a share on its common stock next year _ This year:

Winter Time Adventures is going to pay an annual dividend of S2_ 52 a share on its common stock next year _ This year: the company paid a dividend of S2 40 a share. The company adheres to a constant rate of grou-th dividend policy. If the current stock price is $50, what is the required retum for the Winter Time stocks?

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