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The next dividend payment by Hot Wings, Inc., will be $3.95 per share. The dividends are anticipated to maintain a 6 percent growth rate forever.

The next dividend payment by Hot Wings, Inc., will be $3.95 per share. The dividends are anticipated to maintain a 6 percent growth rate forever.

Required:
If the stock currently sells for $43 per share, what is the required return?

14.43%

15.19%

14.88%

9.19%

6.00%

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