What is the implied required rate of return necessary

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Assume? ExxonMobil's price dropped to ?$37 overnight. Given the dividend growth rate of ExxonMobil of 4.00% and the last annual dividend of ?$1.80?, what is the implied required rate of return necessary to justify the new lower market price of $ 37?

What is the implied required rate of return necessary to justify the new lower market price of $ 37??

nothing?%

?(Round to two decimal? places.)

Reference no: EM131497317

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