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Suppose currently Samsung's common stock is selling for $ 2 1 2 . The company announced that it will give $ 2 . 1 3

Suppose currently Samsung's common stock is selling for $212. The company announced that it will give $2.13 dividend next year and it plans to grow the dividend by 4% 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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