The dividends are anticipated to maintain a growth rate

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The next dividend payment by Dizzle, Inc., will be $2.50 per share. The dividends are anticipated to maintain a growth rate of 5.75 percent, forever.

If the stock currently sells for $48.60 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Required return %

Reference no: EM131506467

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