Question: The next dividend payment (D 1 ) by Cold Beer, Inc., will be $ 3.0 per share. The dividends are anticipated to maintain a 4

The next dividend payment (D₁) by Cold Beer, Inc., will be $ 3.0 per share. The dividends are anticipated to maintain a 4 percent growth rate forever. If the stock currently sells for $ 50 per share, the required return is ______ percent

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