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The next dividend payment by Halestorm, Inc., will be $1.76 pershare. The dividends are a

The next dividend payment by Halestorm, Inc., will be $1.76 pershare. The dividends are a

The next dividend payment by Halestorm, Inc., will be $1.76 pershare. The dividends are anticipated to maintain a growth rate of 7percent forever. If the stock currently sells for $34 per share,what is the required return? (Do not round intermediatecalculations. Enter your answer as a percent rounded to 2 decimalplaces, e.g., 32.16.)

 

  Required return

%

Abhinav 02-Dec-2019

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