Question: Mitchell, Inc., is expected to maintain a constant 6.2 percent growth rate in its dividends, indefinitely. If the company has a dividend yield of 4.7

Mitchell, Inc., is expected to maintain a constant 6.2 percent growth rate in its dividends, indefinitely.

If the company has a dividend yield of 4.7 percent, what is the required return on the companys stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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