Question: Problem 7-2 Stock Values [LO 1] The next dividend payment by Dizzle, Inc., will be $3.20 per share. The dividends are anticipated to maintain a

Problem 7-2 Stock Values [LO 1]

The next dividend payment by Dizzle, Inc., will be $3.20 per share. The dividends are anticipated to maintain a growth rate of 3.25 percent, forever.

If the stock currently sells for $50.00 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Required return ___________%

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