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Sloane Corporation's stock is currently selling for $58.00. It is expected to pay a dividend of $5.00 at the end of the year. Dividends are

Sloane Corporation's stock is currently selling for $58.00. It is expected to pay a dividend of $5.00 at the end of the year. Dividends are expected to grow at a constant rate of 7.5% indefinitely. Compute the required rate of return on Sloane Corporation stock. A. 12.48% B. 15.65% c. 13.64% D. 16.12% E. None of the above

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