CCR stock is currently trading for $111.13 per share. The firm is expected to pay...
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CCR stock is currently trading for $111.13 per share. The firm is expected to pay a dividend of $12.68 per share in one year and to increase the dividend at 5.2% each year thereafter. Based on the Dividend Growth Model, what the the annual required rate of return for CCR stock? Answer as a % to 2 decimal places (e.g., 12.34% as 12.34)
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