A firm will pay a $6.80 dividend at the end of year one, has a...
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Accounting
A firm will pay a $6.80 dividend at the end of year one, has a share price of $75, and a constant growth rate of 5 percent.
Compute the required (expected) rate of return. (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Required rate of return %
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