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The common stock of Ripoff Company currently sells for $28.16 a share. The stock is expected to pay $1.35 per share next year. The firm
The common stock of Ripoff Company currently sells for $28.16 a share. The stock is expected to pay $1.35 per share next year. The firm has established a pattern of increasing its dividends by 3 percent annually and expects to continue doing so. What is the required rate of return on this stock? 7.42 percent 7.79 percent 19.67 percent 20.14 percent 20 86 percent
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