Question: The next dividend payment by Skippy Jon, Inc., will be $1.08 per share. The dividends are anticipated to maintain a growth rate of 4 percent,

The next dividend payment by Skippy Jon, Inc., will be $1.08 per share. The dividends are anticipated to maintain a growth rate of 4 percent, forever. The stock currently sells for $24 per share. What is the required return?

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