Columbus Manufacturing's stock currently sells for $ 25.52 a share. The stock just paid a dividend of $2 a share (i.e.,D
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Columbus Manufacturing's stock currently sells for $ 25.52 a share. The stock just paid a dividend of $2 a share (i.e.,D
Columbus Manufacturing's stock currently sells for $ 25.52 ashare. The stock just paid a dividend of $2 a share(i.e.,D0=2). The dividend is expected to grow at aconstant rate of 3 % a year. What is the required rate of return onthe company's stock? Express your answer in percentage, and roundit to two decimal places,i.e., 13.54, for example for 0.1354)