Question: CanPro Co. is expecting that its dividend for this coming year will be $1.2 a share and that all future dividends are expected to increase

CanPro Co. is expecting that its dividend for this coming year will be $1.2 a share and that all future dividends are expected to increase by 3 percent annually. What is the required return of this stock if the current market price of the stock is $17?

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