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The next dividend payment by Savitz, Incorporated, will be $4.95 per share. The dividends are anticipated to maintain a growth rate of 3 percent forever.

image text in transcribed The next dividend payment by Savitz, Incorporated, 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 $47 per share, what is the required return? Multiple Choice 13.53% 10.53% 3.00%

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