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The current dividend yield on Clayton's Metals common stock is 2 . 5 percent. Thecompany just paid a $ 1 . 4 8 annual dividend

The current dividend yield on Clayton's Metals common stock is 2.5 percent. Thecompany just paid a $1.48 annual dividend and announced plans to pay $1.54 next year. Thedividend growth rate is expected to remain constant at the current level. What is the requiredrate of return on this stock?

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