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show work or its no help. im studying for an exam tangshan china's stock is currently selling for $160 per share and the firms dividends

show work or its no help. im studying for an exam

tangshan china's stock is currently selling for $160 per share and the firms dividends are expected to grow at 5 percent indefinitely. Assuming tangshan chinas most recent dividend was $5.50, what is the required rate of return?

answer: 8.4%

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