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White Sink, Inc. just paid a dividend of $ 5 . 5 5 per share on its common stock, and the firm is expected to

White Sink, Inc. just paid a dividend of $5.55 per share on its common stock, and the firm is expected to generate constant growth of 12.25% over the foreseeable future. The common stock is currently selling for $73.75 per share. The firm's dividend payout ratio is 40%, and White's marginal tax rate is 40%. What is markets implied rate of return, if we assume that dividend growth is constant?

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