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#1 The market price of a stock is $22.88 and it just paid a dividend of $1.96. The required rate of return is 11.06%. What

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#1 The market price of a stock is $22.88 and it just paid a dividend of $1.96. The required rate of return is 11.06%. What is the expected growth rate of the dividend? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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