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Natural gas company Pstar issues a $1.10 per share dividend every year. If Pstars stock price is $25.92 what is Pstars required rate of return?

Natural gas company Pstar issues a $1.10 per share dividend every year. If Pstars stock price is $25.92 what is Pstars required rate of return?

Answer: 4.24%

Please shown how the 4.24% was calculated

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