What is the required return-skippy inc

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The next dividend payment by Skippy, Inc., will be $1.92 per share. The dividends are anticipated to maintain a growth rate of 6 percent, forever. The stock currently sells for $38 per share.

What is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM132953002

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