Paccar's current stock price is $84.36 and it is likely to pay a $3.94 dividend next year.
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Question:
Paccar's current stock price is $84.36 and it is likely to pay a $3.94 dividend next year. Since analysts estimate Paccar will have an 4.2 percent growth rate, what is its required return?(Round your answer to 2 decimal places.)
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