Question: 1 . The next dividend payment by Skippy Inc. will be $ 3 . 4 5 . The dividends are anticipated to maintain a growth

1. The next dividend payment by Skippy Inc. will be $3.45. The dividends are anticipated to maintain a growth rate of 4.2% forever. If the stock currently sells for $37.95 per share, what is the required rate of return?

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