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Question
DT Industries stock is valued at $10.40 a share. The firm pays annual dividends at an increasing rate of 2.5 percent annually. Next year's dividend will be $1.05 per share. What is the required return on this stock?A. 10.00 percent
B. 11.50 percent
C. 12.60 percent
D. 13.50 percent
E. 14.80 percent
Answer
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