If D1 = $3.8, g (which is constant) = 7.8%, andP0 = $64.4, what is the required rate of return on th

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If D1 = $3.8, g (which is constant) = 7.8%, andP0 = $64.4, what is the required rate of return on thestock? That is, solve for r.
Note: Enter your answer rounded off to two decimal points.Do not enter % in the answer box. For example, if your answer is0.12345 then enter as 12.35 in the answer box. . . .

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