Question: The next dividend payment by Halestorm, Inc., will be $6.03 per share. The dividends are anticipated to maintain a growth rate of 3.57 percent forever.

The next dividend payment by Halestorm, Inc., will be $6.03 per share. The dividends are anticipated to maintain a growth rate of 3.57 percent forever. If the stock currently sells for $90.52 per share, what is the required return?

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