Market required rate of return on the company stock

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Reference no: EM131070461

A company's stock currently sells for $59.57. The company EXPECTS to pay a dividend in one year of $1.75. The analyst's estimate of the company's future growth prospects is that the company will grow at a constant rate of 4%. What is the market's required rate of return on the company's stock? State your answer as a percentage to two decimal places.

Reference no: EM131070461

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