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The next dividend payment by Savitz, Inc., will be $2.00 per share. The dividends are anticipated to maintain a growth rate of 6 percent forever.

The next dividend payment by Savitz, Inc., will be $2.00 per share. The dividends are anticipated to maintain a growth rate of 6 percent forever. If the stock currently sells for $40 per share, what is the required return percent?

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