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Bruer, Inc., is expected to maintain a constant 6.05 percent growth rate in its dividends, indefinitely.

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If the company has a dividend yield of 4.55 percent, what is the required return on the company’s stock? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.161).)

Required return               %

Financial Management, Finance

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  • Reference No.:- M91581056

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