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The market price of a stock is $37.17 and it is expected to pay a $2.94 dividend next year. The dividend is expected to grow

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The market price of a stock is $37.17 and it is expected to pay a $2.94 dividend next year. The dividend is expected to grow at 2.80% forever. What is the required rate of return for the stock? Submit Answer format: Percentage Round to: O decimal places (Example: 9%, % sign required Will accept decimal format rounded to 2 decimal nlaces (er 001

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