Question: The next dividend payment by Circular Bubbles Inc., will be $12.34 per share. The dividends are anticipated to maintain a growth rate of 5 percent

The next dividend payment by Circular Bubbles Inc., will be $12.34

The next dividend payment by Circular Bubbles Inc., will be $12.34 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $60 per share, what is the required return? 25.57% 20.57% 26.60% 20.00% 24.59%

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