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You see in the WSJ that Kenny's Kroc, Inc. recently paid a $1.80 annual dividend...

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Finance

You see in the WSJ that Kenny's Kroc, Inc. recently paid a $1.80 annual dividend on its common stock, which currently sells for $62.10 per share. After looking at its recent dividend history, you estimate its dividend is expected to grow at an average of 3.5% per year. What required rate of return is implied?

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