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Suppose that a shareholder has just paid $4 per share for Go Go Company shares. The shares will pay a $0.20 per share dividend in

Suppose that a shareholder has just paid $4 per share for Go Go Company shares. The shares will pay a $0.20 per share dividend in the upcoming year, and this dividend is expected to grow at an annual rate of 8% indefinitely. What is the annual required rate of this shareholder?

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