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QUESTION 16 1.Hit Em Straight, Inc. projects that its annual dividends will grow at the rate of 5.1% annually indefinitely. If it has a Dividend

QUESTION 16

1.Hit "Em" Straight, Inc. projects that its annual dividends will grow at the rate of 5.1% annually indefinitely. If it has a Dividend yield of 3.4%, what is the required rate of return on the company's common stock? (6 POINTS)

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