Question: Mitchell, Inc., is expected to maintain a constant 4% annual growth rate in its dividends, indefinitely. If the company has just paid $6 annual dividend

Mitchell, Inc., is expected to maintain a constant 4% annual growth

Mitchell, Inc., is expected to maintain a constant 4% annual growth rate in its dividends, indefinitely. If the company has just paid $6 annual dividend and its current price is $105, what comes closest to the required return on the company's stock? 7% 10% 6% 12%

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