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The next dividend payment by Swenson, Inc. will be $ 1 . 8 0 per share. The dividends are anticipated to maintain a 5 .

The next dividend payment by Swenson, Inc. will be $1.80 per
share. The dividends are anticipated to maintain a 5.5 percent
growth rate, forever. If the stock currently sells for $48.50 per
share, what is the required return?

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