The common stock of GEdit, Inc. sells for $21.98 a share. The stock is expected...
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Accounting
The common stock of GEdit, Inc. sells for $21.98 a share. The stock is expected to pay a dividend of $2.5 per share next year. The firm has established a pattern of increasing their dividends by 3.3 percent annually and expects to continue doing so. What is the market required rate of return on this stock?
Enter rate in percents, to two decimal places.
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