Question: Proxicam, Inc., is expected to grow at a constant rate of 7 percent. If the companys next dividend, which will be paid in a year,

Proxicam, Inc., is expected to grow at a constant rate of 7 percent. If the company’s next dividend, which will be paid in a year, is $1.15 and its current stock price is $22.35, what is the required rate of return on this stock?

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