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Janis Corp. just issued an annual dividend of 2.50 per share. The firm anticipates the growth rate in dividends will be 3% annually for the

Janis Corp. just issued an annual dividend of 2.50 per share. The firm anticipates the growth rate in dividends will be 3% annually for the foreseeable future. If the current price is 61 per share, what is the required rate of return for the firm's equity?

a.

7.10%

b.

7.22%

c.

8.36%

d.

6.95%

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