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Raffalovich, Inc., is expected to maintain a constant 5.6 percent growth rate in its dividends, indefinitely. Required: If the company has a dividend yield of

Raffalovich, Inc., is expected to maintain a constant 5.6 percent growth rate in its dividends, indefinitely.

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If the company has a dividend yield of 4.1 percent, what is the required return on the companys stock?(Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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