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The common stock of Wetmore Industries is valued at $72.3 a share. The company increases their dividend by4.2 percent annually and expects their next dividend

The common stock of Wetmore Industries is valued at $72.3 a share. The company increases their dividend by4.2 percent annually and expects their next dividend to be $2.2. What is the required rate of return on this stock? That is, solve for r.

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