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Assume exxonmobils price dropped to 37 overnight given the

Question: Assume ExxonMobil's price dropped to $37 overnight. Given the dividend growth rate of ExxonMobil of 4.00% and the last annual dividend of $1.80, what is the implied required rate of return necessary to justify the new lower market price of $ 37?

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Finance Basics: Assume exxonmobils price dropped to 37 overnight given the

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