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Von Neumann Enterprises has just reported earnings of $10 million, and it plans to retain 75% of its earnings. The company has 1.25 million shares

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Von Neumann Enterprises has just reported earnings of $10 million, and it plans to retain 75% of its earnings. The company has 1.25 million shares of common stock outstanding. The stock is selling at $30. The growth rate of the company is estimated at 9%. What is the required rate of return on the stock

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