What is the discount rate that the market is using to price

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Reference no: EM131064109

The common stock of Answers Co. is currently trading at $58.1. The company just paid a $2.9 dividend to its shareholders, and targets a 4.7 percent growth rate in its dividends year over year. What is the discount rate that the market is using to price this stock? Enter answer in percents, accurate to two decimal places.

Reference no: EM131064109

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