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The market price of a stock is $56.29 and it just paid $5.77 dividend. The dividend is expected to grow at 2.69% forever. What is

The market price of a stock is $56.29 and it just paid $5.77 dividend. The dividend is expected to grow at 2.69% forever. What is the required rate of return for the stock?

Answer format: Percentage Round to: 2 decimal places

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