If the dividend growth rate is expected to remain constant


The current dividend yield on Metals common stock is 3.2 percent. The company just paid a $1.48 annual dividend and announced plans to pay $1.54 next year. If the dividend growth rate is expected to remain constant at the current level, what is the closest number to the required rate of return on this stock?

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Finance Basics: If the dividend growth rate is expected to remain constant
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