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If a stock is currently trading at $ 4 5 per share, has a current dividend per share ( DPS ) of $ 3 ,

If a stock is currently trading at $45 per share, has a current dividend per share (DPS) of $3, and the constant dividend growth rate (g) is 6%, what is the required rate of return (Ke) according to the Dividend Discount Model (DDM)?

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