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Last year, when the stock of Kenya Co. was selling for $60 a share, the dividend yield was 5.5 percent. Today, the stock is selling
Last year, when the stock of Kenya Co. was selling for $60 a share, the dividend yield was 5.5 percent. Today, the stock is selling for $66 a share. What is the current required return on this stock if the company maintains a constant dividend growth rate of 3 percent? 9.16 percent 8.15 percent 6.13 percent 7.72 percent
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