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need help asap 7 A stock is expected to pay a dividend of $3.00 next year. Dividends are expected to grow at an annual rate

need help asap 7

A stock is expected to pay a dividend of $3.00 next year. Dividends are expected to grow at an annual rate of 4%. What is the required rate of return on the stock if the current market price is $60 ? 14% 11.5% 10% 9% 8.29%

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