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Suppose ADIB., currently pays a dividend of $1.22, which is expected to grow indefinitely at 5%. If the current value of ADIB shares based on

Suppose ADIB., currently pays a dividend of $1.22, which is expected to grow indefinitely at 5%. If the current value of ADIB shares based on the constant-growth dividend discount model is $32.03, what is the required rate of return?

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