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ps26 3 The market price of a stock is $49.34 and it is expected to pay a $4.95 dividend next year. The dividend is expected

ps26 3

The market price of a stock is $49.34 and it is expected to pay a $4.95 dividend next year. The dividend is expected to grow at 3.78% forever. What is the required rate of return for the stock?

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