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The common stock of Cleary Bakers sells for $77.00 a share. Today, the company paid a $2.35 per share dividend. The firm has already established
The common stock of Cleary Bakers sells for $77.00 a share. Today, the company paid a $2.35 per share dividend. The firm has already established a pattern of increasing its dividends by 2.00% annually and expects to continue doing so forever. What is the market required rate of return on this stock? What is the Dividend Yield for this stock?
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