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August 28, 2014

Homework Help: Finance

Posted by Rusty on Friday, July 30, 2010 at 5:29pm.

The next dividend payment by Hot Wings, Inc., will be $2.10 per share. The dividends are anticipated to maintain a 5 percent growth rate forever. If the stock currently sells for $48 per share, the required return is percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

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