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The common stock of FI Inc. is selling for $ 5 0 per share. The company just paid a dividend of $ 4 and plans

The common stock of FI Inc. is selling for $

50

per share. The company just paid a dividend of $

4

and plans to pay an annual dividend of $

6

next period. The dividend is expected to grow at

2 %

after that. What is the required rate of return?

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