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Posted on Jul 21, 2024

The next dividend payment by Savitz, Incorporated, will be $3.15 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever.

If the stock currently sells for $47 per share, what is the required return?

Multiple Choice

6.70%

11.12%

11.47%

11.70%

5.00%

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