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The market price of a stock is $44.38 and it is expected to pay a $2.03...

The market price of a stock is $44.38 and it is expected to pay a $2.03 dividend next year. The dividend is expected to grow at 2.41% forever. What is the required rate of return for the stock?


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Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))
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