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The current dividend yield on Scott Fertilizer's common stock is 2.5 percent. The company paid a $1.48 annual dividend this year and announced plans to
The current dividend yield on Scott Fertilizer's common stock is 2.5 percent. The company paid a $1.48 annual dividend this year and announced plans to pay $1.58 next year. The dividend growth rate is expected to remain constant at the current level. What is the required rate of return on this stock? FORMAT TO FOUR DECIMAL PLACES Select one: A. 6.55% B. 10.75% C. 7.08% D. 6.82% E. 9.26%
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