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The next dividend payment by Dizzie, Inc., will be $3.20 per share. The dividends are anticipated to maintain a growth rate of 3.25 percent, forever.

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The next dividend payment by Dizzie, Inc., will be $3.20 per share. The dividends are anticipated to maintain a growth rate of 3.25 percent, forever. if the stock currently sells for $50.00 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32. 16.) Required return %

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