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The next dividend payment by Savitz, Incorporated, will be $4.75 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever.

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The next dividend payment by Savitz, Incorporated, will be $4.75 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever. If the stock currently sells for $58 per share, what is the required return? Multiple Choice 11.58% 4.00% 12.19% 11.95% 819%

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