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Simon Fixtures Corp. is expected to pay $2.10 per share in dividends at the end of the next 12 months. The growth rate in dividends is expected to be...

Simon Fixtures Corp. is expected to pay $2.10 per share in dividends at the end of the next 12 months. The growth rate in dividends is expected to be constant at 4% per year. If the stock is selling for $50 per share, what is the required rate of return?

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