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Question 5 1 pts Suppose a company just paid dividend of $1.37. The dividend is expected to grow at 3.65% each year. If the stock

image text in transcribed Question 5 1 pts Suppose a company just paid dividend of $1.37. The dividend is expected to grow at 3.65% each year. If the stock is currently selling for $60.47, what is the required rate of return on the stock? Enter your answer as a percentage rounded off to two decimal points. Do not enter \% in the answer box

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