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Problem 8-5 Stock Valuation [LO1] Keenan Co. is expected to maintain a constant 4.8 percent growth rate in its dividends indefinitely. If the company has
Problem 8-5 Stock Valuation [LO1] Keenan Co. is expected to maintain a constant 4.8 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 6.6 percent, what is the required return on the companys stock? (Round your answer to 2 decimal places. (e.g., 32.16))
Required return %
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