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Business, 01.10.2019 23:00 ajahbraun

Columbus manufacturing's stock currently sells for $ 23.57 a share. the stock just paid a dividend of $2 a share (i. e.,d0=2). the dividend is expected to grow at a constant rate of 6 % a year. what is the required rate of return on the company's stock? express your answer in percentage, and round it to two decimal places, i. e., 13.54, for example for 0.1354)

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