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Business, 12.08.2020 07:01 holman9308

The next dividend payment by Hoffman, Inc., will be $2.90 per share. The dividends are anticipated to maintain a growth rate of 4.75 percent forever. If the stock currently sells for $49.40 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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