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Paccar's current stock price is $108.26 and it is likely to pay a $3.06 dividend...

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Accounting

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Paccar's current stock price is $108.26 and it is likely to pay a $3.06 dividend next year. Since analysts estimate Paccar will have an 5.6 percent growth rate, what is its requited return? (Round your answer to 2 decimal places.)

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