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Triple Peaks Playhouse will pay a quarterly dividend of $0.75 at the end of the next quarter. It has common share price of $40.00 and

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Triple Peaks Playhouse will pay a quarterly dividend of $0.75 at the end of the next quarter. It has common share price of $40.00 and a constant growth rate of 4 percent. Compute the required rate of return. (Round the final answer to 2 decimal places.) Required rate of return

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