Dividends are anticipated to maintain a growth rate

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The next dividend payment by Wyatt, Inc., will be $3.40 per share. The dividends are anticipated to maintain a growth rate of 2.25 percent, forever.

Required:

If the stock currently sells for $50.40 per share, what is the required return? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13835219

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