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Triple Peaks Playhouse will pay a quarterly dividend of $0.35 at the end of the next quarter. It has common share price of $35.00 and

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Triple Peaks Playhouse will pay a quarterly dividend of $0.35 at the end of the next quarter. It has common share price of $35.00 and a constant growth rate of 6 percent. Compute the required rate of return. (Round the final answer to 2 decimal places.) Required rate of return %

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