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Wonder Trees Inc. expects to pay the next dividend payment of $2.9 per share (D1). The company is expected to maintain a 6 percent growth

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Wonder Trees Inc. expects to pay the next dividend payment of $2.9 per share (D1). The company is expected to maintain a 6 percent growth rate forever. If the company stock currently sells for $32 per share, the required return should be percent. Express in percentage without the % sign, and round it to two decimal places, e.g., 13.45. Your

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