Dividend payment-what is the required return

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The next dividend payment by Blue Cheese, Inc., will be $2.12 per share. The dividends are anticipated to maintain a growth rate of 8 percent forever. If the stock currently sells for $43 per share, what is the required return? (Round your answer to 2 decimal places. (e.g., 32.16))

Required return _________%

Reference no: EM131612283

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