Compute the required rate of return on fbc stock

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Reference no: EM13225534

Fris B. Corporation stock is currently selling for $75.00. It is expected to pay a dividend of $3.00 at the end of the year. Dividends are expected to grow at a constant rate of 5% indefinitely. Compute the required rate of return on FBC stock.

Reference no: EM13225534

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