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Jackson Corporation currently pays a dividend of $2 per share. It is estimated that the company's dividend will grow at a constant rate of 7%

Jackson Corporation currently pays a dividend of $2 per share. It is estimated that the company's dividend will grow at a constant rate of 7% forever. The company's stock has a beta of 1.2, the risk-free rate is 7.5%, and the market risk premium is 4%. What is the required rate of return on the stock

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