A firms stock is selling for $19.50. Just recently they paid a $3 dividend and...

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Accounting

A firms stock is selling for $19.50. Just recently they paid a $3 dividend and dividends are expected to grow at 5% per year. What is the required return?

a. 10.50%

b. 16.15%

c. 1.044%

d. 15.79%

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