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Having trouble with this one - You are a financially educated investor and after thorough analysis, you purchased Crandle's common stock for $79 per...

Having trouble with this one -

You are a financially educated investor and after thorough analysis, you purchased Crandle's common stock for $79 per share. It just paid a dividend of $4.60 and dividends are expected to grow at a rate of 5% indefinitely. What is your Required Rate of Return on Crandle's? a. 11.76% b. 10.8% c. 12.2% d. 14.21%

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