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Glenhill Co. is expected to maintain a constant 3.0 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 4.8

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Glenhill Co. is expected to maintain a constant 3.0 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 4.8 percent, what is the required return on the company's stock? (Round the final answer to 2 decimal places.) Required return

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