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GRITO stock is currently selling for $44.24 a share. If the company is expected to pay a dividend of $1.95 a year from now and

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GRITO stock is currently selling for $44.24 a share. If the company is expected to pay a dividend of $1.95 a year from now and dividends are expected to grow at 3.7 % thereafter, what is the market capitalization rate (or, required rate of return) for a share of GRITO stock? Show your answer to the nearest.1\%. Do not use the \% sign in your answer. For example, if the answer is 9.2% enter your answer as 9.2 rather than .092 or 9.2%. Your Answer: Answer GRITO stock is currently selling for $44.24 a share. If the company is expected to pay a dividend of $1.95 a year from now and dividends are expected to grow at 3.7 % thereafter, what is the market capitalization rate (or, required rate of return) for a share of GRITO stock? Show your answer to the nearest.1\%. Do not use the \% sign in your answer. For example, if the answer is 9.2% enter your answer as 9.2 rather than .092 or 9.2%. Your

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