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Williams Stock is trading for $29.72 today. The stock will pay its next dividend of $2.25 exactly one year from now, and future dividends will
Williams Stock is trading for $29.72 today. The stock will pay its next dividend of $2.25 exactly one year from now, and future dividends will grow at a constant rate of 1.1% per year thereafter. Assuming market efficiency, what is Williams' required rate of return? Enter your answer as a decimal and show four decimal places. For example, if your answer is 5.25\%, enter .0525
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