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Tell Me Why Co. is expected to maintain a constant 3.6 percent growth rate in...

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Accounting

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Tell Me Why Co. is expected to maintain a constant 3.6 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 5.4 percent, what is the required return on the company's stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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