Triple Peaks Playhouse will pay a quarterly dividend of $0.30 at the end of the...

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Accounting

Triple Peaks Playhouse will pay a quarterly dividend of $0.30 at the end of the next quarter. It has common share price of $30.00 and a constant growth rate of 3 percent.

Compute the required rate of return. (Round the final answer to 2 decimal places.)

Required rate of return %

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