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The next dividend payment by Mosby, Inc. will be $2.45 per share. The dividends are anticipated to maintain a 5.5 percent growth rate, forever. Required:

The next dividend payment by Mosby, Inc. will be $2.45 per share. The dividends are anticipated to maintain a 5.5 percent growth rate, forever.

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If the stock currently sells for $48.50 per share, what is the required return?

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