What is the required return-next dividend payment

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The next dividend payment by Blue Cheese, Inc., will be $1.56 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever. If the stock currently sells for $29 per share, what is the required return? (Round your answer to 2 decimal places. (e.g., 32.16))

Required return %

Reference no: EM13812376

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