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The common stock of a company is currently selling for $60.00 per share. Dividends per share have grown from $1.50 to $4.00 over the last

The common stock of a company is currently selling for $60.00 per share. Dividends per share have grown from $1.50 to $4.00 over the last ten(10) years and growth in dividends is expected to continue in the future. Determine the required rate of return for the stock.

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