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Suppose a company is expected to pay a dividend of $9.23 next year. The dividend is expected to grow at 6.96% each year. If
Suppose a company is expected to pay a dividend of $9.23 next year. The dividend is expected to grow at 6.96% each year. If the stock is currently selling for $198.59, what is the required rate of return on the stock? Enter your answer as a percentage rounded off to two decimal points. Do not enter % in the answer box.
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
