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Shares of Pablo Rada, Inc. sell for $28.41 each. The company will pay a $3.30 per share dividend next year. Investors expect Pablo Rada will
Shares of Pablo Rada, Inc. sell for $28.41 each. The company will pay a $3.30 per share dividend next year. Investors expect Pablo Rada will increase this dividend by 5.4 percent annually in perpetuity. What is the required annual return on this stock?
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