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  3. the next dividend payment by skippy, inc., will be

The next dividend payment by Skippy, Inc., will be $1.64 per share. The dividends are...

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Finance

The next dividend payment by Skippy, Inc., will be $1.64 per share. The dividends are anticipated to maintain a growth rate of 8 percent, forever. The stock currently sells for $31 per share. What is the required return?

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