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Halestorm, Inc. will pay $3 for its next dividend payment. Dividends are anticipated to growth constantly at 4% forever. If the stock currently sells for

Halestorm, Inc. will pay $3 for its next dividend payment. Dividends are anticipated to growth constantly at 4% forever. If the stock currently sells for $40 per share, what is the required return? State the formula. Show your work.

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