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Suppose Paccars current stock price is $104.10 and it is likely to pay a $3.02 dividend next year. Since analysts estimate Paccar will have a

Suppose Paccars current stock price is $104.10 and it is likely to pay a $3.02 dividend next year. Since analysts estimate Paccar will have a 7.5 percent growth rate, what is its required return? (Round your answer to 2 decimal places.)

Required return

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