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pfy paid a dividend of $2 per share at the close of trading on December 31 2020. after the payment of dividends, the stock traded

pfy paid a dividend of $2 per share at the close of trading on December 31 2020. after the payment of dividends, the stock traded at $21. the dividends are expected to grow at a constant rate of 5% / year forever. what is the required rate of return on the stock based on the dividend growth model

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