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The next dividend payment by Savitz, Inc., will be $3.25 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever.

The next dividend payment by Savitz, Inc., will be $3.25 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever. If the stock currently sells for $57 per share, what is the required return?

Multiple Choice 9.22% 9.51% 5.70% 9.70% 4.00%

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