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The market price of a stock is $52.07 and it just paid $5.57 dividend. The dividend is expected to grow at 4.63% forever. What is

The market price of a stock is $52.07 and it just paid $5.57 dividend. The dividend is expected to grow at 4.63% forever. What is the required rate of return for the stock?

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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