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Petscan Radiologys stock pays a dividend once each year, and it just paid a dividend of $0.85 yesterday. The current market price of the stock

Petscan Radiologys stock pays a dividend once each year, and it just paid a dividend of $0.85 yesterday. The current market price of the stock is $12.14. If investors believe that Petscan will increase it dividends by 7 percent per year forever, calculate is the required rate of return on Petscans stock?

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