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The market price of a stock is $46 72 and it is expected to pay a $2.18 dividend next year. The dividend is expected to

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The market price of a stock is $46 72 and it is expected to pay a $2.18 dividend next year. The dividend is expected to grow at 3.57% 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 places (ex 0.09))

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