Question: (Required return)What required return is implied by the constant growth model for a stock that is selling for $47.00 per share and is expected to

(Required return)What required return is implied by the constant growth model for a stock that is selling for $47.00 per share and is expected to pay a single cash dividend next year of $0.75, and whose growth in dividend payments is expected to be 1.5% per year forever?

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