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Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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General accounting

Transcribed Image Text:Suppose Paccar's current stock price is $108.26 and it is likely to pay
a $3.06 dividend next year. Since analysts estimate Paccar will have a
5.6 percent growth rate, what is its required return? (Round your answer
to 2 decimal places.)
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