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Glenhill Co. is expected to maintain a constant 6.6% growth rate in its dividends indefinitely. If the company has a dividend yield of 8.4%, what

Glenhill Co. is expected to maintain a constant 6.6% growth rate in its dividends indefinitely. If the company has a dividend yield of 8.4%, what is the required return on the company's stock? (Round the final answer to 2 decimal places.)

Required return ____ %

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