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ABC inc. stock is currently selling for $30.83 per share. The company just paid its first annual dividend of $1.7 a share. The firm plans to increase...

ABC inc. stock is currently selling for $30.83 per share. The company just paid its first annual dividend of $1.7 a share. The firm plans to increase the dividend by 3.6% per year indefinitely. what is the required rate of return on the equity?

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