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Suppose a company just paid dividend of $2.11. The dividend is expected to grow at 3.9% each year. If the stock is currently selling for
Suppose a company just paid dividend of $2.11. The dividend is expected to grow at 3.9% each year. If the stock is currently selling for $124.14, 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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