What is required rate of return on this stock

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The common stock of ABC Industries is valued at $64.73 a share. The company increases their dividend by 3.2 percent annually and expects their next dividend to be $2.28. What is the required rate of return on this stock? Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box.

Reference no: EM131309679

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