The company increases their dividend by 77 percent annually


The common stock of ABC Industries is valued at $64.23 a share. The company increases their dividend by 7.7 percent annually and expects their next dividend to be $3.34. What is the required rate of return on this stock?

Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.

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Business Economics: The company increases their dividend by 77 percent annually
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