Question: The next dividend payment by Hot Wings, Inc., will be $2.45 per share. The dividends are anticipated to maintain a 5 percent growth rate forever.

The next dividend payment by Hot Wings, Inc., will be $2.45 per share. The dividends are anticipated to maintain a 5 percent growth rate forever. Required: If the stock currently sells for $45 per share, what is the required return?

multiple Choice:

Multiple Choice

5.00%
9.92%
10.24%
5.44%
10.44%

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