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Paccar's current stock price is $117.86 and it is likely to pay a $2.88 dividend next year. Since analysts estimate Paccar will have an 4.3

Paccar's current stock price is $117.86 and it is likely to pay a $2.88 dividend next year. Since analysts estimate Paccar will have an 4.3 percent growth rate, what is its required return? (Round your answer to 2 decimal places.)

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