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Microsoft Corporations common stock is trading at a price of $ 84.16 per share today. Its most recent annualized dividend payout was $1.68 per share

Microsoft Corporations common stock is trading at a price of $ 84.16 per share today. Its most recent annualized dividend payout was $1.68 per share (D0) and its last years annual dividend payout was $1.56 per share. If the same growth rate from last years dividend to this years dividend stays constant forever, what is the required rate of return on Microsofts stock?

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