Question: pleaee show work with excel The next dividend payment will be $2.12 per share. The dividends are anticipated to maintain a growth rate of 3%

pleaee show work with excel
pleaee show work with excel The next dividend payment will be $2.12

The next dividend payment will be $2.12 per share. The dividends are anticipated to maintain a growth rate of 3% forever. Calculate the implied rate of return, assuming the stock sells for $42 per share. (Enter percentages as decimals and round to 4 decimals)

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