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Provide your answers/solutions in the answer space provided below. Suppose that you have just purchased a share of stock for $929. The most recent dividend

Provide your answers/solutions in the answer space provided below.

  1. Suppose that you have just purchased a share of stock for $929. The most recent dividend was $2.8 and dividends are expected to grow at a rate of 7% indefinitely. What must your required return be on the stock?

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