Since analysts estimate paccar will have a 85 percent


Answer the following question

Suppose Paccar's current stock price is $70.24 and it is likely to pay a $2.94 dividend next year.

Since analysts estimate Paccar will have a 8.5 percent growth rate, what is its required return? (Round your answer to 2 decimal places.)

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Financial Management: Since analysts estimate paccar will have a 85 percent
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