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June's Burritos' stock is currently trading at $55.00 a share. The stock just announced it will pay an $1.05 dividend at the end of this

June's Burritos' stock is currently trading at $55.00 a share. The stock just announced it will pay an $1.05 dividend at the end of this year (i.e., D1 = $1.05) and that dividend is expected to grow at a constant 11% rate. What is the require rate of return, rs, on June's Burritos' stock?

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