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1. The market price of a stock is $23.60 and it just paid a dividend of $1.45. The required rate of return is 11.61%. What

1. The market price of a stock is $23.60 and it just paid a dividend of $1.45. The required rate of return is 11.61%. What is the expected growth rate of the dividend?

2. The market price of a stock is $22.47 and it is expected to pay a dividend of $1.08 next year. The required rate of return is 11.12%. What is the expected growth rate of the dividend?

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