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The market price of a stock is $30 18 and it is expected to pay a $2 29 dividend next year. The dividend is expected

The market price of a stock is $30 18 and it is expected to pay a $2 29 dividend next year. The dividend is expected to grow at 3.96% forever. What is the required rate of return for the stock? Sutimit Answer format: Percentage Round to: O decimal places (Examplo 9% % sign required Will accept decimal format rounded to 2 decimal places (ex 009)

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