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The next dividend payment (D1) by Cold Beer, Inc., will be $4.1 per share. The dividends are anticipated to maintain a 6 percent growth rate
The next dividend payment (D1) by Cold Beer, Inc., will be $4.1 per share. The dividends are anticipated to maintain a 6 percent growth rate forever. If the stock currently sells for $46 per share, the required return is percent. Express in percentage without the % sign, and round it to two decimal places, e.g., 13.45. Your
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