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Question: Paccar's current stock price is $35.20 and it is likely to pay a $1.10 dividend next year. Since analysts estimate Paccar will have an 7.9 percent growth rate, what is its required return? (Round your answer to 2 decimal places.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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