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London recently paid a $4 dividend. Future dividends are expected to grow at 4.5%. If the current price for London common stock is $22, what
London recently paid a $4 dividend. Future dividends are expected to grow at 4.5%. If the current price for London common stock is $22, what is the market required return on London common stock?
Express your answer as a percentage to 2 decimal places (e.g. 22.56). Do NOT use a percent sign.
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