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Suppose currently Facebook's common stock is selling for $ 3 7 9 . If the company gave $ 2 . 1 6 dividend this year

Suppose currently Facebook's common stock is selling for $379. If the company gave $2.16 dividend this year and it plans to grow the dividend by 6% every year. Given the information what is the market's required rate of return for the stock? (Answer in percentage without the "%" sign. Round your answer to two decimal points)
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