What is required rate of return on the stock

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You purchased a stock for $30 per share. The most recent dividend was $2.50 and dividends are expected to grow at a rate of 8% indefinitely. What is your required rate of return on the stock?

A.17.64%

B.21.50%

C.17.00%

D.20.27%

E.18.38%

F.19.25%

Reference no: EM131992418

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