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Show the work please. # 25 The market price of a stock is $45.64 and it just paid $4.75 dividend. The dividend is expected to
Show the work please.
# 25 The market price of a stock is $45.64 and it just paid $4.75 dividend. The dividend is expected to grow at 3.00% forever. What is the required rate of return for the stock? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))Step by Step Solution
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