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The next dividend payment by Savitz, Inc., will be $4.95 per share. The dividends are anticipated to maintain a growth rate of 3 percent forever.
The next dividend payment by Savitz, Inc., will be $4.95 per share. The dividends are anticipated to maintain a growth rate of 3 percent forever. If the stock currently sells for $41 per share, what is the required return? Multiple Choice
A 12.07%
B 14.77%
C 15.07%
D 14.32%
E 3.00%
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